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

Sofia prepares to host the 66th General Assembly of PABSEC

I expect that in Sofia, the parliamentarians from the member states of the Parliamentary Assembly of the Black Sea Economic Cooperation (PABSEC) will make forward-looking decisions that will support cooperation and the development of the countries in the..

published on 11/21/25 6:33 PM

Bulgaria invests 115 million euros in secure satellite communications infrastructure

In 2026, the Ministry of Innovation and Growth will invest nearly 115 million euros in national infrastructure for secure satellite communications and in joint projects between business and academia. The funds will be distributed in..

published on 11/21/25 4:18 PM

European Public Prosecutor's Office investigates fraud with agricultural subsidies in Bulgaria

As part of an investigation led by the European Public Prosecutor's Office (EPPO) in Sofia, the police carried out several searches and seizures this week on suspicion of fraud with EU subsidies for agriculture, BTA has reported,..

published on 11/21/25 3:43 PM

WEATHER

Pick city: Sofía

Mostly Cloudy
Min: 8 | Max: 16

BULGARIA IN PICTURES

Which world-famous Bulgarian artist designed QSL cards for Radio Bulgaria?

European Public Prosecutor's Office investigates fraud with agricultural subsidies in Bulgaria

As part of an investigation led by the European Public Prosecutor's Office (EPPO) in Sofia, the police carried out several searches and..

published on 11/21/25 3:43 PM

It will be warm and windy with possible precipitation in the southeastern regions

On Saturday , the lowest temperatures will be between 9 and 14°C; in Sofia - it will be around 9°C. In the morning there will be fog..

published on 11/21/25 7:50 PM

Father of 12-year-old Siyana, who lost her life in a road accident, hands over resignation request to Supreme Court of Cassation Chairperson

Nikolai Popov - the father of 12-year-old Siyana, who lost her life in a heavy road accident, handed over to the Chairperson of the Supreme Court of..

published on 11/21/25 7:01 PM

Share

400 million leva bank investments for the transition to the euro

More from category

Sofia prepares to host the 66th General Assembly of PABSEC

Bulgaria invests 115 million euros in secure satellite communications infrastructure

European Public Prosecutor's Office investigates fraud with agricultural subsidies in Bulgaria

European Public Prosecutor's Office investigates fraud with agricultural subsidies in Bulgaria

It will be warm and windy with possible precipitation in the southeastern regions

Father of 12-year-old Siyana, who lost her life in a road accident, hands over resignation request to Supreme Court of Cassation Chairperson