Text size

400 million leva bank investments for the transition to the euro

published on 3/30/25 4:15 PM

Photo: Pixabay

Banks have invested 400 million leva in preparing their systems for a smooth transition to the euro, announced Petya Dimitrova, chairwoman of the Association of Commercial Banks. She also recalled some of the benefits of the transition to the single currency:

“The next step after the Schengen area – the eurozone – will contribute not only to expanding the business sector. We believe that competitiveness, operational efficiency, access to capital, expanding markets are some of the common key things. Tourists and the entire business not having to convert, not having currency risk, having price transparency, being part of the large market are the great benefits.”

According to Petya Dimitrova, the partnership between banks and the tourism industry is good and by the end of last year, financial institutions had lent over 2.3 billion leva to the “hotel” and “restaurant” sectors.

Последвайте ни и в Google News Showcase, за да научите най-важното от деня!

Radio Bulgaria News banks eurozone

More from category

Protesters against the euro block the center of Sofia, demand resignation of the cabinet

Another protest against the adoption of the euro took place in Sofia and other cities in Bulgaria on June 28. The protest in the capital Sofia blocked traffic in the so-called "triangle of power". The demonstration was organized by the Citizens'..

published on 6/29/25 10:21 AM

Temperatures will drop slightly

Cool air will sweep across the country during the night , accompanied by moderate winds from the northwest. Short-lived rain showers and thunderstorms are expected in the western, northern and mountainous areas. Hailstorms are possible. On Saturday,..

published on 6/27/25 7:05 PM

Winners of the BNR Essay Contest from Ukraine and Moldova announced

A seven-person jury selected the winners of the BNR essay contest for students from Ukraine and Moldova . The contest was held under the patronage of Bulgaria’s Vice President Iliana Yotova and was supported by the Ministry of Education. Students..

published on 6/27/25 4:51 PM