The Bulgarian Government has published a draft decree related to the forthcoming implementation of EUR currency in Bulgaria according to which 1 January 2025 shall be the new indicative target date for the country’s joining the Eurozone. The above draft is open for public consultation until 23 October 2023.
As a kind reminder, in February 2023 the Bulgarian Ministry of Finance announced that Bulgaria will not be in a position to implement the Euro from 1 January 2024, the original target date for the replacement of the national currency, the Bulgarian Lev (BGN).
Related newsflashes:
Forthcoming EUR Adoption in 2024 | Custody | UniCredit Group
Postponement of EURO implementation in Bulgaria | Custody | UniCredit Group
Impact on investors: For information purposes.