Text size

25% of household deposits are now in euros

published on 4/30/25 4:23 PM

Petar Chobanov

Photo: Bulgarian National Bank

The preparation of the migration of card payments from Bulgarian leva to euros and the corresponding accession by the end of the year of the BORICA card payment system to TARGET is in an advanced phase, the Deputy Governor of the Bulgarian National Bank, Petar Chobanov, told BTA.

The accession implemented by the BNB to the Eurosystem TIPS service already allows for immediate local and cross-border payments in euros - up to 10 seconds at any time of the day.

According to Chobanov, 25% of household deposits and 32% of those of companies are already in euros, which shows that the euro is already well accepted among the population and business due to Bulgaria's economic ties with the eurozone and the EU.

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

Radio Bulgaria News adoption of the euro Bulgarian National Bank deposits euro

More from category

There is also a Bulgarian citizen among the hostages of Hamas, Prime Minister recalls

Bulgaria considers Israel a key strategic partner and our excellent relations could give a strong boost to the sectors of trade, innovation, education, agriculture and tourism. This was what Prime Minister Rosen Zhelyazkov said at a..

published on 9/23/25 8:41 AM

Record number of work permits issued to non-EU workers in Bulgaria

A growing shortage of staff is prompting more Bulgarian employers to hire workers from abroad, according to data from the National Employment Agency. More than 35,000 permits have been issued since the beginning of 2025 . "This year will set a new..

published on 9/23/25 8:30 AM

University of Illinois to launch Bulgarian Studies on 20 October

‘A historic moment for Bulgarian Studies in the US!’ With these words, Bulgaria’s Consul General in Chicago, Svetoslav Stankov, announced that the University of Illinois at Urbana-Champaign will officially launch its Bulgarian Studies programme on..

published on 9/22/25 8:56 PM