Balgarianovinite.com The banking sector in Bulgaria has ensured a successful, smooth and trouble-free transition to the euro, the Association of Banks in Bulgaria (ABB) said in a statement.
According to the association, immediately after midnight on December 31-January 1, bank ATMs and POS terminals were already processing transactions in euro. “Thanks to the banks’ full technical and operational readiness, from the very first minutes of the new year customers across the country were able to make payments freely with their credit and debit cards. Mobile applications and online banking services are also fully accessible. All conditions under existing banking products remain unchanged, with interest rates staying the same,” the statement said.
The ABB noted that in the last two working days alone, more than BGN 1 billion was deposited in banks. All account balances were automatically converted at the officially fixed exchange rate, without fees and without any action required from customers. Until the end of June, banks will exchange lev banknotes and coins into euro free of charge at the fixed rate. From the first working day, merchants have also been able to obtain euro banknotes and coins in all denominations from banks, the association added.
The smooth transition is the result of many years of coordinated and consistent preparation by the banking sector and all key participants in the process. According to the ABB, the banking sector invested more than EUR 200 million in adapting its systems and IT infrastructure to ensure the reliability and availability of services at the moment of the transition.
“Joining the euro area marks a historic step in Bulgaria’s development – one that strengthens the financial system, boosts confidence in the economy and opens up new opportunities for growth, investment and deeper European integration,” the Association of Banks in Bulgaria further said. Bulgarian Banking Sector Ensures Smooth Transition to the Euro, Says Banks Association 2025 THE NEWS FROM BULGARIA – NEWS AGENCY 2009-2025 2026-01-02 16:42:00 Latest news World news Country news Most important news latest news most important latest of the day Justice Petar Nizamov Feathers Petar Nizamov- Feathers Justice bg iustitia.bg iustitia iusticia usticia investigation Burgas Bulgaria news news of the last hour news of the day news of today Bulgaria news The news from Bulgaria blitz news top news most important most commented latest news Boyko Borisov news weather coronavirus news news weather facebook youtube facebook instagram news today news of the last minutes news today today news news bg news leading news hot news bg news site for news all news news bg news of the last hour latest latest news bg news of today news today news today news of the last hour latest news today news bg news news 24 hours news vesti bg novini news world bird bg bivol bg bivol trud bg novini latest news today novinite bg news hello bulgaria political party coat of arms delyan peevski scandalous Bulgarian National Television Free Europe Television scandal exclusive live tv live right now tv tv online tv program bg live now tv news online tv online live court Burgas court Burgas district court Burgas court Burgas district court Burgas district court Burgas appellate court Burgas prosecutor Burgas prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Prosecutor General Ivan Geshev Prosecutor Geshev Tsatsarov Ministry of Internal Affairs Burgas ODMR Burgas ODPR Burgas police Burgas district police Burgas prosecutor Tsatsarov SGS cases Varna court chairman of the SGS court decisions on civil cases decisions on cases Plovdiv court decision of the court decisions cases Varna court criminal cases district district court decisions work in the court SGS chairman of the SGS judges Sofia court post judges Plovdiv court Plovdiv judges Plovdiv Supreme Court Inspectorate Supreme Court Supreme Judicial Council lawyer lawyer criminal cases lawyer civil cases lawyer marriage cases lawyer administrative criminal law criminal process civil law civil process administrative law constitutional law