Bulgaria’s National Assembly tasked the government with speeding up the process of adopting the single European currency on January 1, 2024 and set the exchange rate at 1,95583 Leva for 1 Euro. The proposal was put forward by the largest Parliamentary group GERB/SDS. 157 MPs voted in favour, 28 MPs voted against and 23 MPs abstained.
The Parliament’s decision tasks the government and the Bulgarian National Bank with speeding up the consultations and negotiations with the European institutions and the euro area countries on Bulgaria's accession to the eurozone.
The Bulgarian Socialist Party and "Vazrazhdane" party expressed concerns that the euro might not be adopted at the current exchange rate, which was introduced by the Currency Board. However, the majority of MPs rejected these speculations during the discussions.
In August 2025, Bulgaria’s annual inflation rate stood at 5.3%, same as in July, according to data from the National Statistical Institute. Monthly inflation in August dropped to 0.1%, compared to 1.7% in July. Inflation measured from..
A Bulgarian company is expanding its production of laser cutting machines in the Sofia-Bozhurishte Industrial Park, the Ministry of Economy announced. The investment is worth 2 million leva (over 1 million euros). The company will build a new..
The tariffs imposed on European goods by the Trump administration are expected to have both direct and indirect effects on Bulgarian exports. The Ministry of Economy and Industry has calculated the direct impact at €468 million, while..
A Bulgarian company is expanding its production of laser cutting machines in the Sofia-Bozhurishte Industrial Park, the Ministry of Economy announced. The..
In August 2025, Bulgaria’s annual inflation rate stood at 5.3%, same as in July, according to data from the National Statistical Institute...
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