Cash in Bulgaria exceeds BGN 30 billion. The Association of Banks in Bulgaria is urging citizens to deposit their cash before the introduction of the euro, explained James Jolovski, Secretary General of ABB, in an interview with the Bulgarian National Radio.
Positive assessments by the European Central Bank and the European Commission on the country's readiness to join the eurozone are expected in June. The final political decision is expected in July.
Trend: More than half of Bulgarians do not feel informed about the introduction of the Euro
President refers rejected euro referendum request to Constitutional Court
''People don't need to worry. In fact, the trend suggests that there might be a slight decrease in interest rates after joining the euro area. Joining the eurozone cannot lead to an increase in the prices of banking services. Once the money is deposited into an account, an automatic and free conversion from BGN to EUR can be done'', explained Associate Professor Jolovski.
The Bulgarian tourism sector is all set for the adoption of the euro, Minister Borshosh says
How will the adoption of the euro affect real estate prices in Bulgaria?
June 4 marked three years since the arson attack against the Ivan Mihaylov Cultural Centre in Bitola, North Macedonia. It sparked a strong public reaction and raised the issue of human rights and interethnic relations in North Macedonia. On..
Two Bessarabian Bulgarians from Bolhrad District have died at the war front in Ukraine. Alexander Kara from the Bulgarian village of Petrovsk in the Tarutyne Municipality was born in 1990. He served as a machine gunner and died on May 25. Another..
"I have sent letters to all presidents and prime ministers of EU member states, in which I describe the real situation in our country — inflation, the state budget, the attitudes of Bulgarian citizens and the desire for a referendum. We are asking..
The balances in all bank accounts in Bulgarian levs will be automatically converted to euros from the date of the country's accession to the eurozone at..
At night, precipitation will stop and the cloudiness will break and decrease. In the morning hours, short-term fog will form in the..
At an official ceremony held in Kazanlak, Maria Shamburova was solemnly crowned as the town’s 57th Rose Queen. The coronation show of the Rose..
Partly Cloudy
Clear