Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

Bulgarian government adopts plan for introduction of the euro

| updated on 5/27/22 6:06 PM
Finance Minister Assen Vassilev at a press briefing, 27 May 2022
Photo: gov.bg

The Bulgarian government has adopted a plan for the introduction of the euro in Bulgaria. At a briefing at the Council of Ministers, Deputy Prime Minister and Minister of Finance Asсen Vassilev explained that this is an operational plan that gives clear deadlines and tasks to banks, payment and state institutions, how exactly to introduce the euro, how to convert and reverse deposits and loans. 

A number of legislative changes are forthcoming, including an amendment to the Bulgarian National Bank Act, and public and expert discussions on Bulgaria's accession to the euro area will continue, Vassilev said.

A period of three months before the introduction of the euro and nine months after that, in which the prices of goods and services will be published in both BGN and EUR, is envisaged for consumer protection. The aim is for unscrupulous traders not to take advantage of the change of currency and raise prices, said Asen Vassilev.

The cabinet ministers from the Bulgarian Socialist Party, BSP, voted against, stating as their motive the agreement on the formation of the government, according to which the decision is to be made after the Bulgarian National Bank makes an analysis of the effects. No such analysis has, as yet, been made, the BSP says. 





Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

No government likely with PP-DB mandate, MP Lena Borislavova says

Upon entering Parliament, Lena Borislavova of the PP-DB commented on Delyan Peevski's indication that he would expel the rogue DPS MPs as his move to make the DPS a third political force.  Yesterday, 30 DPS deputies supported the GERB-SDS proposal for a..

published on 7/4/24 10:40 AM
Ramadan Atalay

Ramadan Atalay called for unity in DPS

Ramadan Atalay, an expelled MP from the Movement for Rights and Freedoms (DPS) group, has called on the party to remain united. He said this as he entered Parliament this morning, BNT reported.  According to Atalay, the DPS has enough power to..

published on 7/4/24 10:01 AM
Ivelin Muhaylov

New party Velichie on the verge of collapse, says founder

The smallest political party in Parliament - Velichie - is on the verge of collapse, its founder Ivelin Mihaylov has warned, after the party's MPs voted unanimously against the government proposed by GERB.  PP-DB reaffirms its refusal to support a..

published on 7/4/24 9:37 AM