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Bulgaria on the doorstep of the euro area

Bulgaria will have a view, a voice, a vote.

Christine Lagarde, President of the ECB

Bulgaria will join the euro area on 1 January 2026. This is a historic milestone for the country and a significant opportunity for people and businesses across the euro area. The transition will lead to greater economic stability, smoother transactions and stronger integration across Europe. For Bulgaria, adopting the euro will help build a stronger foundation for long-term growth and resilience.

Change can bring questions and concerns. However, the ECB and national authorities are working closely together to ensure the transition is smooth for everyone, with careful planning and a strong focus on price stability.

Why is this transition important for Bulgaria and euro area countries?

A resilient economy

The euro is a stable and trusted currency that protects savings and purchasing power.

Stronger European integration

Bulgaria will have a seat at the table in euro area decisions, gaining a voice in shaping the future of our shared currency. In times of geopolitical uncertainty, the expansion of the euro area sends a message of unity and solidarity.

Shared growth

Being part of the euro area means more opportunities for growth, trade and investment. Every time a country joins the euro area, it strengthens financial stability and shows that European integration is still moving forward.

Conversion rate

LEV 1.95583 = EUR 1

What does the euro mean for Bulgarian banks and business?

During a currency changeover, some prices may rise if retailers take unfair advantage of the transition. However, Bulgaria will have the effective measures and safeguards to prevent this. In the months before and after the changeover, all prices will be shown in both lev and euro so consumers can easily check that conversions are fair. National authorities will strictly monitor and enforce the correct use of the conversion rate to protect people in Bulgaria from unjustified price increases.

Enhanced stability

Bulgarian banks will have access to liquidity from the ECB, enabling them to provide loans, process payments and cover cash withdrawals more efficiently. This will make the banking system more stable and offer people greater confidence in the safety of their savings.

Smooth trade

Eliminating currency exchange costs when doing business with euro partners will remove barriers and make cross-border activities smoother and more competitive.

Interest rates

From January, interest rates in Bulgaria will directly follow the ECB Governing Council’s decisions, which take into account the economic conditions of the euro area as a whole. The Governor of Българска народна банка (Bulgarian National Bank) will participate as a full member of the Governing Council.

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Would you like to know more about the euro?

The euro: one currency, endless opportunities

How have Europeans benefited from the euro?

Joining the euro: requirements and steps

What does a country need to do to join the euro area?

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