“Bulgaria’s accession to the euro area will have a positive impact on the economy, the people, the business sector and the whole country”, said Minister of Economy Petar Dilov in an interview with public service broadcaster BNT.

''On January 1, 2026, after joining the eurozone, Bulgaria will wake up approximately 2 billion leva (EUR 1 billion) richer", said Minister Dilov, adding that the economy and citizens will certainly stop losing about 1 billion leva annually due to currency exchange costs. Bulgaria’s Minister of Economy pointed out that nearly half a million small and medium-sized enterprises in the country maintain accounts in two currencies. Eliminating this requirement will save them money.

An increase in the country’s credit rating and a rise in investments are also expected with Bulgaria’s entry into the eurozone. The business sector is aware of the benefits of the euro and fully supports the accession to the euro area, Minister Dilov added.

• The introduction of the euro will not increase the cost of banking services

• The Bulgarian tourism sector is all set for the adoption of the euro, Minister Borshosh says

Published and translated by Kostadin Atanasov

Photo: EPA/BGNES