Finance
News on banks, loans, the state budget, financial institutions, tax policy, and capital markets.
Budget and Finance Committee Adopts Rules for the Election of a BNB Deputy Governor
The Budget and Finance Committee approved procedural rules for the election of a deputy governor in charge of 'Emissions' at the BNB. The decision drew criticism from the opposition, which believes that the election should be held by the next parliament and that there should be more time for debate.
Temenuzhka Petkova: We Leave the Caretaker Government Stable Public Finances
The outgoing Finance Minister Temenuzhka Petkova handed over the post to Georgi Klisurski. She reported stable public finances, fulfilled criteria for the Eurozone, and revenue growth.
BNB: Over 7.2 Billion Euros in Circulation, Over 84% of Levs Withdrawn
As of February 16, 4.8 billion leva remained outside the BNB's cash registers, representing 84.5% of the leva withdrawn from circulation by the beginning of 2025. Euro banknotes and euro coins with a total value of over 7.2 billion euros have been put into circulation. The exchange of leva continues.
How the Introduction of the Euro is Progressing in Bulgaria: BNB Assessment and Perspectives
BNB Governor Dimitar Radev presented an assessment of the introduction of the euro in Bulgaria. The transition is proceeding without deviations from initial expectations, with inflation remaining within the Eurozone. Radev emphasizes the importance of the institutional framework, consistent policies, and long-term commitment for successful integration.
The Transition to the Euro is Going Smoothly: Commentary by Vladimir Ivanov
Vladimir Ivanov, Chairman of the DKSTB and the Coordination Center for the Euro Mechanism, comments on the smooth transition to the euro, citing data on withdrawn leva and issued euros.
Petkova: The Outgoing Government Maintained Stable Public Finances
Outgoing Finance Minister Temenuzhka Petkova stated at a press conference that the outgoing government had maintained stable public finances, emphasizing the successful fulfillment of the criteria for the Eurozone and economic growth.
Following the Euro Adoption: Dual Pricing Remains Until August 8th
Traders should remember that the dual pricing period continues until August 8th, even though the euro is the only legal tender. The exchange of levs is free until mid-year in banks and indefinite at the BNB. Inspections reveal violations related to conversion and price increases.
End of Dual Currency Payments: What Changes for Bulgarians?
February 1, 2026: Bulgaria transitions to the Euro! End of dual currency. What does this mean for consumers and the economy? Payments only in Euro from today.
The Introduction of the Euro in Bulgaria: Important Dates and Rules from February 1, 2026
From February 1, 2026, the euro becomes the official currency in Bulgaria. Citizens will have to pay in euros, prices will be displayed in both currencies until August 8, and the exchange of levs will be free of charge until June 30.
Inflation in Bulgaria: What to Expect in 2026 and 2027?
The Sofia Economic Forum 2026 discusses inflation in the context of the Eurozone. Deputy Minister Metodiev predicts stability, the transition to the euro, and price controls. Will there be relief for citizens?
The New BNB Balance Sheet: How Bulgaria Integrates into the Eurozone
The Bulgarian National Bank has published a new format for its balance sheet, in accordance with the rules of the Eurozone. The Governor of the BNB explains the changes and the significance of the new balance sheet for transparency, financial markets, and Bulgaria's role in the single currency union.
BNB Issues First Collector's Euro Coin for 125 Years of Tram in Bulgaria
The Bulgarian National Bank (BNB) is putting into circulation a silver collector's coin on the theme of "125 Years of Electric Tram in Bulgaria" with a face value of 10 euros and a price of 144 euros. This is the first collector's euro coin issued by the BNB.
BNB: 13 billion BGN in circulation as of January 16, 2026, exchange is proceeding normally
As of January 16, 2026, there are 13 billion BGN in cash circulation, which is a 58% withdrawal compared to the beginning of 2025. The exchange of levs for euros is proceeding normally, with the BNB and some banks working on Saturdays. Free exchange in banks during the first 6 months of 2026.
No fees for exchanging levs to euros in banks, BNB announced
The BNB announced that no fees will be charged for exchanging levs to euros in banks. The exchange process is unified, and banks will accept levs until June 30, 2026.
Attention! Scratched Euro banknotes are not reimbursed – advice from the BNB
The BNB warns about scratched Euro banknotes, which are not reimbursed. Chief cashier Stefan Tsvetkov urges merchants not to accept such banknotes and citizens to keep the monetary circulation clean.