The banking sector in Bulgaria demonstrates exceptional readiness for the upcoming entry into the Eurozone, attracting over 1 billion leva into the system after the start of the information campaign. Experts emphasize that financial institutions are among the most prepared participants in this process.
Georgi Zamanov, a leading representative of the Association of Banks in Bulgaria, highlighted key aspects of the upcoming financial transformation. "Our systems are multi-currency and already work with euros, credits, and deposits," he said in an interview with BNR-Radio Sofia.
According to the financial expert, customers will not encounter difficulties with conversion. Existing leva accounts will be automatically transformed into euros at a pre-fixed exchange rate, without additional fees for clients.
Zamanov emphasized that people do not need to take special actions or wait in lines on the first working day of 2026. "It is recommended to deposit free leva immediately, as most banks do not charge fees for new accounts," he added.
The expert shared that Bulgaria was economically ready for the Eurozone a decade ago, but the delay has created some uncertainty among citizens and businesses. "As a nation, we are already accustomed to euro payments - we pay in euros even on a Greek beach," Zamanov commented.
Among the challenges remains the preparation of smaller sectors such as the taxi industry, which have not yet invested enough in the necessary infrastructure. Zamanov emphasized the importance of explaining the process to the elderly population and small businesses.
Borrowers can also calmly renegotiate their existing loans, with the process being maximally facilitated by banking institutions. Decades of experience working with euros and established international practices guarantee a smooth transition.
The financial expert described entering the Eurozone as a significant step towards Bulgaria's social and economic development. The process is viewed as a natural continuation of membership in the European Union and Schengen Area.
The banking system demonstrates a high degree of preparedness, investing millions of leva in technological and process adaptation. Clients can be assured that the transition will be carried out professionally and without serious disruptions.