Balgarianovinite.com Major retail chains were switching to the euro smoothly without serious disruption, Association for Modern Trade Executive Director Nikolay Valkanov said in a television appearance on Saturday.
Valkanov added that chains had stocked enough starter packs of coins and banknotes, with only isolated minor issues, mainly a shortage of euro coins in some smaller shops.
“For the time being, everything is running smoothly. In the first days of the new year, major retail chains planned their operations very well. They ordered sufficient starter packs of both coins and banknotes. So far, we have received no reports of any significant disruptions,” Valkanov said.
Valkanov said that major retail chains were equipped with software solutions that automatically calculated change in both currencies, simplifying the process for customers and staff alike.
Valkanov noted that, for the time being, people were making more purchases in leva because many still held cash in that currency, and he expected that within two to three weeks most of the remaining lev banknotes in circulation would be spent.
On pricing, Valkanov said major retail chains were not engaging in speculative rounding and were recalculating prices using the officially fixed exchange rate. He added that price increases in certain goods were not being driven by the euro, but by external factors, including the end of the zero VAT rate on bread and flour at the start of 2025, weak fruit and vegetable harvests, and other influences. Wage growth in Bulgaria was also naturally putting upward pressure on service prices. Valkanov said he expected prices of some goods, such as dairy products and cereals, could even decline in the coming months if positive trends on international markets continued. Association for Modern Trade Executive Director Valkanov Says Euro Switch Runs Smoothly 2025 THE NEWS FROM BULGARIA – NEWS AGENCY 2009-2025 2026-01-03 12:19:00 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
