Balgarianovinite.com Vice President Iliana Iotova said Bulgarian banks are ready to join the euro area, speaking at a celebration of Bankers’ Professional Day organized by the Association of Banks in Bulgaria (ABB), the President’s press secretariat said here Thursday.
Iotova said that convergence reports showed the Bulgarian National Bank (BNB) was the only institution that had completed its work on preparing the country to adopt the single currency, adding that, thanks to its strong authority, the central bank was one of the most reliable partners of the European Central Bank.
Iotova noted that the euro is merely a tool for achieving broader objectives: a security framework that should be used in the best possible way to develop the economy, raise people’s standard of living, and enable Bulgaria, as a full member, to take an active role in shaping the common financial and monetary policy, as well as in debates on euro area reforms and its future.
“Bulgarian citizens should and could have been much better prepared for the moment we adopt the single European currency. Unfortunately, this did not happen because the government, out of fear, avoided an open and honest discussion of all the opportunities and risks associated with joining the euro,” Iotova said.
In her address, Iotova thanked those working in the banking sector for their professionalism. “You provide us with security, stability and predictability. You have turned the Bulgarian banking system into an institution that enjoys the trust of Bulgarian citizens and international partners. The stability of the banking system is a vital element of the country’s national security,” Iotova said. She called on representatives of the banking sector to remain flexible and responsive in the face of turbulent times in both domestic and international politics.
According to information on its website, the Association of Banks in Bulgaria (ABB) was established on April 9, 1992. It was founded by 47 banks and was known as the Association of Commercial Banks until 2007.
Any bank licensed by the BNB to conduct banking activities under the applicable legislation may become a member of the ABB. Membership is voluntary, and currently all banks operating in the country are members of the Association. VP Iotova: Bulgarian Banks Ready for Euro Adoption 2025 THE NEWS FROM BULGARIA – NEWS AGENCY 2009-2025 2025-12-04 22:18:17 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
