Text size

Preparations for the introduction of the euro in the non-banking financial sector are at an advanced stage

published on 5/11/25 12:25 PM

Photo: BGNES archive

The preparation of the non-banking financial sector for the introduction of the euro is at a very advanced stage and a significant part of it has already taken concrete measures to adapt to the new currency, the new chairman of the Financial Supervision Commission, Vasil Golemanski, told BTA.

President Rumen Radev proposes national referendum on the adoption of the euro

In a survey by the commission, most participants responded that they had developed internal plans for the transition, updated their information systems and started communicating with clients and partners about the upcoming changes.

One of the main priorities in the work of the Financial Supervision Commission will be digital transformation, its chairman also said.

“Strengthening cybersecurity will be an integral part of these efforts with a view to protecting sensitive information and managing risks in a digital environment,” emphasized Vasil Golemanski.

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

Radio Bulgaria Economy euro introduction non-banking sector

More from category

Property prices in Sofia rise 25.5% in a year

The average price of apartments sold in Sofia in the third quarter of 2025 reached €2,310 per square metre , marking an annual increase of 25.5%, according to data from Bulgarian Properties. While new developments remain popular, limited supply and..

published on 11/26/25 4:36 PM

Natural gas prices to fall by over 4% in December

Natural gas prices in Bulgaria are set to fall by just over 4% in December , significantly higher than the previously forecast 1% drop, according to calculations by state-owned supplier Bulgargaz, reported BNR correspondent Yuliyana Kornazheva. This..

published on 11/26/25 2:22 PM

IMF assesses Bulgaria's near-term growth outlook as positive

The Executive Board of the International Monetary Fund (IMF) has concluded the 2025 Article IV Consultation with Bulgaria. According to the IMF’s procedure for assessments and recommendations, domestic demand is driving a robust expansion of the..

published on 11/25/25 10:18 AM