Podcast in English
Text size
Bulgarian National Radio © 2025 All Rights Reserved

25% of household deposits are now in euros

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!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

President Rumen Radev meets with the Bulgarian community in the Kingdom of Saudi Arabia

Protecting the rights and caring for Bulgarian communities abroad are fundamental to Bulgarian foreign policy, said Bulgarian President Rumen Radev at a meeting with the Bulgarian community in Riyadh . He answered the questions of Bulgarians working and..

published on 10/28/25 10:41 AM

Strong earthquake in western Turkey felt in southern Bulgaria

An earthquake with a 6.1 magnitude on the Richter scale hit Western Turkey at 22.48 hours last night. There were over 40 aftershocks after the earthquake. The epicenter was near the city of Sundargah in the Balıkesir province. In addition to..

published on 10/28/25 9:42 AM

Bulgarians are putting money into banks en masse before expected euro adoption

The Bulgarian National Bank reports a sharp increase in new household deposits . The growth in euro deposits is impressive. In just one month, amounts worth 334 million leva (over 161 million euros) were placed in deposit accounts. This is 57% more than..

published on 10/28/25 9:12 AM