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

62% of Bulgarian workers earn less than the living wage

A working individual living in a one-person household needs a net monthly income of 1,521 BNG (EUR 747) to cover basic needs. A three-member household needs 2,738 BGN (EUR 1,344). The income needed to cover minimum living costs increases by..

published on 4/22/25 11:21 AM

"Flower in a Test Tube" – a biotechnology startup that tells the story of the power of the human spirit

"Flower in a Test Tube" is an innovative project that creates a new product using plant biotechnology. But it does more than that—it tells a story about the power of the human mind and heart. The idea comes from Petar Neftelimov, a young man born with..

published on 4/18/25 7:05 AM

Bulgarian household incomes outpace expenses in 2024: NSI data

The annual growth of incomes outpaced that of expenses in 2024. According to data from the National Statistical Institute, in 2024 the average annual total income per household member in Bulgaria reached 12,857 BGN (6,573.68 EUR) and increased by 18.5%..

published on 4/17/25 2:43 PM