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

President Rumen Radev appoints ambassadors to Slovakia, Serbia and Tunisia

President Rumen Radev has issued decrees appointing ambassadors to Slovakia, Serbia and Tunisia. Snezhana Ivanova Yoveva-Dimitrova has been appointed ambassador to Slovakia, Angel Aleksandrov Angelov to Serbia, and Boryana Ivanova Simeonova to..

published on 11/21/25 10:26 AM

Hristijan Mickoski attacks Bulgaria again over the ‘Macedonian minority’ issue

The Prime Minister of North Macedonia and leader of the ruling party VMRO-DPMNE, Hristijan Mickoski, has once again accus еd Sofia of failing to respect the rights of the “Macedonian minority” in Bulgaria. At the opening of the VMRO–DPMNE Albania..

published on 11/21/25 9:35 AM

Iliana Iotova: President Radev’s proposal for a referendum on the euro is still in Parliament

“The time for a referendum on the euro has irreversibly passed”, said Vice President Iliana Iotova, BGNES reported. “I see no grounds for President Rumen Radev to submit once again to Parliament his proposal for a referendum on the euro. The..

published on 11/21/25 8:55 AM