Podcast in English
Text size
Bulgarian National Radio © 2025 All Rights Reserved

Bulgarian government adopts plan for introduction of the euro

| updated on 5/27/22 6:06 PM
Finance Minister Assen Vassilev at a press briefing, 27 May 2022
Photo: gov.bg

The Bulgarian government has adopted a plan for the introduction of the euro in Bulgaria. At a briefing at the Council of Ministers, Deputy Prime Minister and Minister of Finance Asсen Vassilev explained that this is an operational plan that gives clear deadlines and tasks to banks, payment and state institutions, how exactly to introduce the euro, how to convert and reverse deposits and loans. 

A number of legislative changes are forthcoming, including an amendment to the Bulgarian National Bank Act, and public and expert discussions on Bulgaria's accession to the euro area will continue, Vassilev said.

A period of three months before the introduction of the euro and nine months after that, in which the prices of goods and services will be published in both BGN and EUR, is envisaged for consumer protection. The aim is for unscrupulous traders not to take advantage of the change of currency and raise prices, said Asen Vassilev.

The cabinet ministers from the Bulgarian Socialist Party, BSP, voted against, stating as their motive the agreement on the formation of the government, according to which the decision is to be made after the Bulgarian National Bank makes an analysis of the effects. No such analysis has, as yet, been made, the BSP says. 





Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Photo: Bulgarian Orthodox Church ‘St. George the Victorious’ in Orlando

Bulgarians in Orlando celebrate Sts Peter and Paul

On 29 June, the Bulgarian Orthodox Church ‘St. George the Victorious’ in Orlando, Florida, will celebrate the Day of the Holy First Apostles Peter and Paul with a festive liturgy. The Orlando church community is part of the Bulgarian Eastern..

published on 6/27/25 2:57 PM

Three regulatory bodies will oversee the pricing of mobile services

During the adoption of the euro, the Communications Regulation Commission , the Commission for the Protection of Competition (CPC) and the Commission for Consumer Protection (CCP) signed an agreement on a common mechanism for controlling mobile..

published on 6/27/25 12:49 PM
Ahmed Dogan

Democracy, Rights and Freedoms – DPS has been renamed to Alliance for Rights and Freedoms

The parliamentary group "Democracy, Rights and Freedoms – DPS" has been renamed to "Alliance for Rights and Freedoms". The name of the group of MPs affiliated with Ahmed Dogan has now been officially updated on the National Assembly’s website...

published on 6/27/25 12:05 PM