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

Bulgarian President Radev will no longer use National Guard Service transport

Bulgarian President Rumen Radev has announced that as of October 20 this year he will travel to work in his personal car. “When a law is being adopted that forces people to do state work in their personal cars, I will stand in solidarity with them,” he..

published on 10/16/25 2:53 PM
General Major Nikolay Rusev

Bulgaria will seek a system for maximum protection against drones

We want to buy a system that has maximum protection against drones. This does not mean that it has a mechanical effect on the drone, but at least that it has some electromagnetic or blocking control of the device. This was explained to BNT by Maj. Gen...

published on 10/16/25 1:22 PM
General Major Nikolay Rusev

Bulgaria will seek a system for maximum protection against drones

We want to buy a system that has maximum protection against drones. This does not mean that it has a mechanical effect on the drone, but at least that it has some electromagnetic or blocking control of the device. This was explained to BNT by Maj. Gen...

published on 10/16/25 1:22 PM