As the introduction of the euro in Bulgaria approaches, starting January 1, 2026, many people are interested in the changes to bank accounts, loans, and interest rates. Here are the main points:
Conversion of bank accounts: On January 1, 2026, all accounts in Bulgarian leva will be automatically converted to euros at the fixed exchange rate.
Withdrawal of funds: From the first day of the euro, you will only be able to withdraw money in euros.
Conversion of loans and leases: Loans in Bulgarian leva and those with a currency clause in euros will be converted. The terms of the contracts remain the same.
Preservation of interest rates: Fixed interest rates will remain unchanged. Variable interest rates will be converted, guaranteeing equivalence.
Protection of customers: The law prohibits changes to contracts that would worsen the financial situation of customers.