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

25% of household deposits are now in euros

Petar Chobanov
Photo: Bulgarian National Bank

The preparation of the migration of card payments from Bulgarian leva to euros and the corresponding accession by the end of the year of the BORICA card payment system to TARGET is in an advanced phase, the Deputy Governor of the Bulgarian National Bank, Petar Chobanov, told BTA. 

The accession implemented by the BNB to the Eurosystem TIPS service already allows for immediate local and cross-border payments in euros - up to 10 seconds at any time of the day.

According to Chobanov, 25% of household deposits and 32% of those of companies are already in euros, which shows that the euro is already well accepted among the population and business due to Bulgaria's economic ties with the eurozone and the EU.



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

The number of foreign students in Bulgarian universities is growing

More and more foreign students have been choosing Bulgarian universities and higher education institutions in recent years,  the Bulgarian News Agency (BTA) reports. The increased interest is due not only to the tuition fees, but also to the quality of..

published on 6/18/25 4:01 PM

EC initiates penalty proceedings against Bulgaria over drinking water regulations, noise pollution

The European Commission has opened penalty proceedings against five countries, including Bulgaria, for incorrectly implementing changes to European drinking water regulations, BTA reports. The countries were supposed to implement the amended..

published on 6/18/25 3:49 PM
Tourism minister Miroslav Borshosh

Bulgarian Ministry of Tourism reports the best winter season with over 2 million registered tourists

This year, Bulgaria had the best winter season, Tourism Minister Miroslav Borshosh said at a briefing, referring to data for the first four months, BTA reported. For the first time, over 2 million tourist registrations were made – 6.4% more..

published on 6/18/25 2:23 PM