With the introduction of the euro on January 1, Bulgaria will benefit from the stability, liquidity and all the advantages of the common currency, European Central Bank President Christine Lagarde said in an interview with public service broadcaster BNT. In her words, switching to the euro means that transactions anywhere in the eurozone will be possible without having to exchange money. People will not have to think about exchange rate fluctuations, whether the lev is cheaper, what the exchange rate will be, etc.
''The euro is a strong currency, considered the second reserve currency in the world'', Christine Lagarde added. In response to concerns from citizens about prices and inflation related to the replacement of the lev with the euro, the ECB President commented that these effects will regulate themselves over time.
Published and translated by Kostadin Atanasov
Photo: bntnews.bg
The two largest trade unions in Bulgaria - the Confederation of Independent Trade Unions in Bulgaria and the Confederation of Trade Unions "Podkrepa" - are organizing a warning protest in front of the Council of Ministers building. It is planned for..
In view of the country's declining population, the Fiscal Council recommends that the government take savings measures in the 2026 state budget. The measures include: reducing the municipal administration by merging municipalities;..
No disruptions or price increases are expected on Bulgaria’s fuel market following the US sanctions imposed on Russian oil companies Rosneft and Lukoil, Bulgarian Petroleum and Gas Association Chairman Svetoslav Benchev told BTA. "For now, I..
Mostly Cloudy
Partly Cloudy
Fog