The latest announcements from Bulgaria regarding the countdown to the Eurozone and the Euro as an official currency

The latest news is coming from the Bulgarian National Bank, where the deputy governor has introduced June 2024 as a pivotal month for joining Bulgaria in the Eurzone. In terms of the euro as an official currency in Bulgaria, he stated that plans for introducing price visibility in both the Bulgarian Lev (BGN) and Euros (EUR), slated to commence approximately a month after receiving the EC's opinions, are expected around July 2024.

Also, there is a statement that by the end of 2025, both BGN and EUR prices would be openly displayed, allowing citizens to compare and make informed decisions. He detailed the envisaged transition, stating that after the introduction of the euro, there would be a transitional period for payments in both BGN and EUR, and that BNB, specific post offices, and banks would offer free Bulgarian levy exchange services, emphasizing the practical aspects of the impending currency transition. But it is important to wait for official rules and regulations to confirm all of this information. Also, this will have an impact on fiscalization, and more updates in those terms are still expected.