Balgarianovinite.com “The extension budget will not hinder Bulgaria’s smooth entry into the eurozone,” said Zornitsa Russinova, Chair of the Economic and Social Council on Bulgarian National Television.
“We have already worked with an extended budget during other political crises and early parliamentary elections,” Russinova added. According to her, from this point onward, the timing of early elections and the formation of a regular government will determine when Bulgaria has a regular budget. She added that this is directly related to the benefits Bulgaria can gain from being a member of the eurozone, particularly in terms of the various economic policies that a regular government can implement in the coming years, as well as income policies. “These are important topics for a large portion of Bulgarians,” she said.
Joining the eurozone does not require renegotiation of any agreements – whether for labor contracts, civil contracts, or with banks and loans, Russinova recalled. She said that bank accounts are already denominated in euros.
Russinova noted that there are sufficient control mechanisms in place, and there is no need to fear that political instability will affect Bulgaria’s financial stability within the eurozone. “The eurozone is a symbol of trust and financial stability, and this cannot be changed by individual politicians,” Russinova stated.
“There are enough control mechanisms introduced through the euro law, as well as an additional coordination mechanism, entirely at a lower expert level between the different institutions, set up by the government. This is a good sign that we will have stability,” she added. She encouraged citizens to report any irregularities so that the established control mechanisms can work effectively.
Bulgaria officially introduced the euro on January 1, becoming the 21st member of the eurozone. This occurred exactly 19 years after the country joined the European Union.
Until the end of January, the lev remains a legal tender in Bulgaria, and from February 1, the euro will be the sole currency, according to the Law on the Introduction of the Euro in the Republic of Bulgaria. However, until August 8, 2026, prices will continue to be displayed in both euros and leva, following legal requirements for the same font, size, and color.
Throughout January, citizens will be able to pay in cash in commercial establishments using either leva or euros, while traders will be obliged to return change entirely in only one of the two currencies – euros, or, if there is a temporary shortage, in leva. Extension Budget Will Not Hinder Eurozone Entry 2025 THE NEWS FROM BULGARIA – NEWS AGENCY 2009-2025 2026-01-02 10:19:00 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