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ECB & EC approve Bulgaria's transition to euro

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The European Central Bank has published an extraordinary report on convergence in Bulgaria with a positive assessment. The report of the European Commission also contains a positive opinion.

💸Now the following steps are ahead:

✔️June-July - Decision of the EU Council, the EP and Ecofin

✔️August - mandatory duplication of prices for all goods and services in Bulgaria in leva and euro (from June 1, 2025, all price tags in the Lidl chain are already in euros)

✔️December 15 - preliminary provision of banks with euro banknotes and coins

✔️January 1, 2026 - Accession to the eurozone. All current, deposit and savings accounts are automatically converted into euros free of charge at the rate of 1 euro = 1. 95583 levs.

✔️ 1.01. - 31.01.2026 - Lev and euro are in circulation at the same time and have equal status. Both currencies are accepted for payments, but change is returned only in euros.

✔️1.01. - 31.01.2026 Banks and the Bulgarian Post exchange banknotes and coins from levs to euros free of charge. From 1 July to 31 December, they may charge a fee for this service.

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