Smooth transition to the euro - Employers, trade unions and the government unite to prevent price speculation

On June 9, 2025, a memorandum of cooperation was signed between AOBR (the Bulgarian Chamber of Commerce and Industry, BICA, AICB, BCC), the trade unions KT "Podkrepa", CITUB, and the government regarding the introduction of the euro. The goal is to prevent unjustified increases in the prices of goods and services.

The employers' organizations have undertaken to help correctly reflect the pros and cons of the euro and to prevent speculative trading practices. The BCCI has been following the development of the euro since its inception and believes that the benefits for Bulgaria will prevail, despite some difficulties in trade.

Statistics for recent years show that EU countries that have not adopted the euro, such as Poland, the Czech Republic, Hungary, and Romania, have higher levels of gross public debt, inflation, and current account deficits compared to Bulgaria. For example, in 2024, Bulgaria had a 2.8% GDP growth, 2.6% inflation, and a 3% deficit, while these indicators for the group of the mentioned countries were significantly less favorable.

The BCCI recalls that during the currency board period from 1997 to 2015, the exchange rate of the lev against the mark/euro did not change, which proves that concerns about the introduction of the euro are unfounded. The Chamber expresses satisfaction with the signing of the memorandum and will make efforts to implement it.

In addition, the BCCI announces a number of current events and initiatives related to business - presentation of elastomeric composites, a visit by an ambassador, upcoming conferences, and meetings with experts.