Bulgarian banks ready for euro switch from 1 January 2026

Bulgaria’s banking sector is ready to adopt the euro from Jan. 1, 2026, representatives of the Association of Banks in Bulgaria said after a meeting with President Rumen Radev on Friday.

Vice President Iliana Iotova also attended the meeting. Radev emphasised the important role played by Bulgarian banks in safeguarding financial stability during the country's ongoing political uncertainty.

The association confirmed that payment systems and cash machines are ready for the transition to the euro. They added that no significant changes to interest rates on mortgages and consumer loans were expected in the short to medium term.

Editor: Miglena Ivanova

Posted in English by E. Radkova