Oversight and accountability
News about public finance control, institutional oversight, audits, inspections, and transparency.
Inspections by NRA and CPC: 21 Violations of the Euro Law in Burgas, Yambol and Sliven
The National Revenue Agency (NRA) and the Consumer Protection Commission (CPC) are conducting inspections for compliance with the Euro Law in Burgas, Yambol, and Sliven. 21 violation reports have been issued, and 19 penalty decrees have been imposed, totaling 95,000 leva. The inspections continue, focusing on pricing before and after the introduction of the euro.
Police Presence Around Banks and Post Offices Due to Pension Payments
Increased police presence in post offices and bank branches across the country due to the payment of pensions in euros. The aim is to prevent thefts and scams and to assist citizens.
DPS proposes a law to control prices of essential goods until 2026 due to the euro
DPS submitted a bill to control the prices of essential goods (bread, milk, flour, etc.) until the end of 2026 with a maximum markup of 20%, due to the euro and the protection of consumers. The control will be carried out by the CPC, NRA and CPC, fines up to 20,000 euros.
Nestlé Recalls Infant Formula in Europe Due to Toxin
Nestlé is recalling batches of SMA, BEBA, and NAN infant formula in several European countries due to the potential presence of cereulide – a toxin causing nausea and abdominal cramps. The recall is a precautionary measure and affects over 800 products.
Vladimir Ivanov: The introduction of the euro is going well, with few violations
The head of the Euro Coordination Center, Vladimir Ivanov, stated that the process of introducing the euro in Bulgaria is going smoothly, with few violations. He emphasized the importance of financial literacy and awareness, as well as the need for correct signals. Ivanov pointed to the services sector as a problem area and praised the banking sector for its successful transition to the euro.
NRA Conducts 400 Inspections Daily to Monitor Prices and Euro Adoption
The National Revenue Agency (NRA) has intensified inspections of commercial establishments in connection with the introduction of the euro. Cash receipts and prices are being checked, and penalties have already been imposed for unjustified price increases. A summary of the inspection results is expected at the beginning of next week.
1 Billion Leva Withdrawn from Circulation in a Day and a Half: How are Banks Handling the Exchange?
Banks are processing billions of leva in preparation for the euro. Assoc. Prof. James Yolovski from the Association of Banks in Bulgaria talks about the process of withdrawing money, exchange and what we need to know about exchanging leva.
NRA and CPC Intensify Checks Against Unjustified Price Increases and Double Labeling of Goods
NRA and CPC are intensifying checks against speculative price increases and inaccurate labeling of goods in Blagoevgrad. 700 checks, 10% violations. Since January - 400 checks daily, new sanctions.
Christine Lagarde on Bulgaria's Entry into the Eurozone: A Significant Moment!
ECB President Christine Lagarde congratulated Bulgaria on joining the Eurozone in a Facebook post. She emphasized the historical significance of the event and mentioned her impressions from a visit to Sofia.
New Euro Coordination Center Established by the Council of Ministers
At its final meeting of 2025, the Council of Ministers establishes a Euro Coordination Center, headed by Vladimir Ivanov. The center will coordinate institutions for control, communications, and response to issues during the transition to the euro. The Prime Minister anticipates long-term benefits for the economy.
Attention! Changes in ZDvP fine payments after the introduction of the euro
"Border Police" warns of temporary unavailability of card payments at border crossings after 31.12.2025. Advice on safe currency exchange from the Ministry of Interior.
Bank Service Interruptions Around New Year Due to Euro Adoption
Banks in Bulgaria are warning of temporary service disruptions during the transition to the euro starting January 1, 2026. Here's what to expect from each bank.
How work is paid on December 31 and January 2, 2026: Explanations from the General Labour Inspectorate
The General Labour Inspectorate (GLI) reminds about the payment for work during the non-attendance days of December 31 and January 2, as well as during the official holidays around Christmas and New Year. The cases of work with non-standard working hours, summarized calculation of working hours and overtime are considered.
Important Announcement: Temporary Suspension of Health Status Updates from NAP (January 01-05, 2026)
The National Revenue Agency (NRA) announces a temporary suspension of health insurance status updates for individuals from January 01 to 05, 2026, due to the annual closing and preparation for the introduction of the euro. Recommendations for individuals with health insurance issues.
How to recognize a counterfeit euro banknote: three steps and helpful advice
Before the introduction of the euro in our country, learn how to recognize counterfeit euro banknotes. Expert advice and information on the distinguishing features of genuine banknotes.