Text size

Preparations for the introduction of the euro in the non-banking financial sector are at an advanced stage

published on 5/11/25 12:25 PM

Photo: BGNES archive

The preparation of the non-banking financial sector for the introduction of the euro is at a very advanced stage and a significant part of it has already taken concrete measures to adapt to the new currency, the new chairman of the Financial Supervision Commission, Vasil Golemanski, told BTA.

President Rumen Radev proposes national referendum on the adoption of the euro

In a survey by the commission, most participants responded that they had developed internal plans for the transition, updated their information systems and started communicating with clients and partners about the upcoming changes.

One of the main priorities in the work of the Financial Supervision Commission will be digital transformation, its chairman also said.

“Strengthening cybersecurity will be an integral part of these efforts with a view to protecting sensitive information and managing risks in a digital environment,” emphasized Vasil Golemanski.

Последвайте ни и в Google News Showcase, за да научите най-важното от деня!

Radio Bulgaria Economy euro introduction non-banking sector

More from category

Hope or fear: How Bulgarians view the introduction of the euro

The likelihood of Bulgaria joining the eurozone on 1 January 2026 is growing by the day. The country would become the 21st EU member to adopt the single currency. The signals are coming both from the Bulgarian government, which has repeatedly stated..

published on 5/7/25 1:26 PM

For another month, Bulgarian National Bank lowers the key interest rate in the country

The Bulgarian National Bank (BNB) has again reduced the key interest rate in the country . As of May 1, it will now be 2.24 percent. The decrease compared to April is 0.15%, when it was 2.39 percent. This is the eighth consecutive month of a decrease in..

published on 5/1/25 11:50 AM

Economy Minister Petar Dilov in parliament.

Bulgaria expects negative spillover effect from US tariffs

An analysis by the Ministry of Economy and Industry shows that in 2024, Bulgaria's trade with the United States accounted for 1.7% of the country’s total trade volume, with exports to the U.S. making up 2.6% of total exports and imports from the U.S...

published on 4/29/25 4:23 PM