The Bulgarian National Bank (BNB) has clarified the procedural changes that will take effect with the adoption of the euro as Bulgaria’s official currency. One significant update is that the BNB will no longer announce the base interest rate, as stated in its series of questions and answers about the transition to the euro. With…
The Bulgarian National Bank (BNB) has announced that it will stop publishing the key interest rate following the country’s adoption of the euro. This change is outlined in a new series of questions and answers available on the central bank’s website. Once the euro becomes the official currency of Bulgaria, the key interest rate will…
The Executive Agency for the Promotion of Small and Medium-sized Enterprises (BSMEPA), under Bulgaria’s Ministry of Innovation, has formalized a partnership with the International Bank for Reconstruction and Development, part of the World Bank Group. The agreement, aimed at bolstering businesses in Northern Bulgaria, was signed at a ceremony held at the Council of Ministers,…
During the one-month transition period after Bulgaria adopts the euro, ATMs across the country will distribute only euro banknotes. This measure will be in place during the dual circulation phase when both the lev and the euro will be legal tender. According to the Bulgarian National Bank (BNB), the official date for Bulgaria’s entry into…
Bulgarian businesses are actively recruiting students to fill seasonal positions for the upcoming summer, offering earnings ranging from 4,000 to 6,000 leva. According to a report by “Telegraph”, restaurants, hotels and retail stores are the main employers seeking young workers, particularly in the country’s coastal resorts. Although the highest concentration of job opportunities is along…
A recent study conducted by the Bulgarian Stock Exchange (BSE) reveals that 60% of publicly listed companies in Bulgaria have women in their governing bodies. However, only 3% are entirely led by women, and 14% have female CEOs. The survey, which covered over 300 companies traded on the exchange, highlighted a gradual but consistent increase…
Bulgaria is approaching the final stages of preparation for transitioning card payments from the national currency, the lev, to the euro. In recent years, the Bulgarian National Bank (BNB) and financial institutions have emphasized their readiness, creating the impression that the transition would be instantaneous. However, the actual process involves years of planning and coordinated…