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

Introduction of the euro puts an end to the currency board

Lyubomir Karimanski
Photo: BGNES

January 1, 2026 marks the end of the currency board and the beginning of a monetary policy that the central bank will follow from the European Central Bank, where Bulgaria will have its own voice. This was what member of the Governing Council of the Bulgarian National Bank, Lyubomir Karimanski, told BNT.

He expressed concerns about the EU's policy towards armament by redirecting spending at the expense of other important sectors such as agriculture. According to Karimanski, the euro should be accepted as a tool, not a panacea for the Bulgarian economy, with the more important issue now being the preservation of fiscal discipline.

Karimanski expressed doubts that this year's budget would be implemented within the set parameters and added that it is unclear what the government's priorities are, now that the goal of joining the eurozone has been achieved.

Editor: Ivo Ivanov

Publication in English: Alexander Markov

Photo: BGNES



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

Blagoevgrad to host the 32nd edition of the International Mathematics Competition for University Students

From July 28 to August 3, the town of Blagoevgrad (Southwestern Bulgaria) will host the 32nd edition of the prestigious International Mathematics Competition for University Students. Over 550 participants from 143 universities in 52 countries,..

published on 7/27/25 5:40 AM

85 folk ensembles to participate in the "Sparks from the Past" festival in Apriltsi

A total of 85 folk ensembles from across the country will participate in the "Sparks from the Past" festival, which will take place in the mountain town of Apriltsi on July 26 and 27. The open-air stage for the performances will be set up at..

published on 7/26/25 5:45 AM

Red heat alert issued for 12 Bulgarian districts, orange code alert in effect for the rest of the country

On Saturday, it will be sunny and even hotter. In the afternoon, clouds will form over the mountainous regions of Western Bulgaria, and by the evening, also in the northwestern areas. Isolated thunderstorms and rain showers are expected in some..

published on 7/25/25 6:25 PM