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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.

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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.

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Radio Bulgaria Economy euro introduction non-banking sector