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

The Bulgarian National Bank has published clarifications on how the single currency will be written

In its “Questions and Answers” section on the introduction of the euro, the Bulgarian National Bank has published a clarification on how the single currency should be denoted and written in accordance with EU regulations. The name of the..

published on 11/14/25 10:01 AM

Bulgaria's government approves 2026 draft budget

The government approved the draft Law on the 2026 State Budget, as well as the Updated Medium-Term Budget Forecast for the 2026–2028 period. In connection with the introduction of the euro on January 1, 2026, all figures have been prepared in..

published on 11/13/25 3:35 PM

BNB Governor: Banks in Bulgaria are ready for the euro

Citizens should remain calm about the introduction of the euro in Bulgaria from January 1, 2026, as the Bulgarian National Bank and commercial banks are ready for all processes related to the currency conversion and distribution of euro banknotes. This..

published on 11/4/25 2:28 PM