End of dual price labeling
On August 8, 2026, the transitional period for dual price labeling in BGN and EUR ends, in accordance with the Law on the Introduction of the Euro in Bulgaria. From August 9, all financial services regulated by the Financial Supervision Commission (FSC) must be quoted exclusively in euros.
Important: The transition to the euro does not change the terms of existing contracts, the amount of obligations, or customer rights.
How are the financial sectors changing?
- Insurance market: All premiums and amounts under insurance contracts will now be quoted and paid in euros.
- Pension insurance market: Pension companies will report accumulated funds in accounts, fees, and pensions exclusively in euros.
- Capital market: Investment intermediaries and funds are switching to the euro for all their tariffs, commissions, and portfolio reports.
Important clarifications for consumers
Companies have the right to indicate the BGN equivalent for informational purposes only, but it must be clearly evident that the euro is the only valid currency. The FSC continues its strict supervision to ensure that:
- There is no unjustified increase in service prices.
- The rules for currency conversion and rounding are strictly followed.
- Consumers receive clear and understandable information.
If you notice any irregularities or attempts at speculation, you can report them to the Financial Supervision Commission through the established procedure.