Benefits of Adopting the Euro
Adopting the euro in Bulgaria is a strategic decision with the potential to improve the economic environment, consumer confidence, and the investment climate in the country.
On this page, you will find an overview of the potential benefits of introducing the euro—both in the long-term for the country and in the everyday lives of citizens and businesses. The benefits presented are based on the experience of other Eurozone member states and are adapted to the economic characteristics of Bulgaria.
Long-Term Integration into the EU
With the euro, Bulgaria will achieve full integration into the economic core of the EU.
Having the euro in Bulgaria means participating in decision-making processes related to the development of the monetary union, as well as access to instruments that provide protection during economic shocks. This is an important part of planning the country’s economic future.
A Strong Political Voice in Europe
Membership in the Eurozone strengthens Bulgaria’s influence in key institutions.
Bulgaria will have the right to participate in the Governing Council of the European Central Bank and will be able to influence EU monetary policy through the European Stability Mechanism.
Security and Stability
The euro provides monetary and economic security.
Economic stability is supported through shared supervision mechanisms and coordinated responses to crises. In addition, inflation within the Eurozone is expected to remain within predictable limits, helping stabilize purchasing power.
Increased Confidence in Bulgaria’s Banking System
The euro is associated with trust in the entire banking and financial system.
Trust in the euro means stable savings, predictable credit conditions, and enhanced financial oversight within the Eurozone, exercised by the European Central Bank.
Financial instruments in euro will also become more accessible for Bulgarian consumers.
Growing Investment Interest in Bulgaria
Foreign investments in countries that use the euro are significantly higher.
After adopting the euro, investments from the Eurozone are expected to flow into Bulgaria, thanks to the elimination of exchange rate risk, improved predictability, and a better credit rating for the country.
Benefits of the Euro for Citizens
Citizens will experience tangible improvements within the first months of the transition to the euro.
Here is what to expect:
- Exchange fees and conversion costs will no longer apply when traveling or paying abroad.
- Payments in euro across the EU will be made without additional fees.
- Price differences between Bulgaria and other Eurozone countries will become more transparent, helping consumers make more informed choices.
- Salary and social benefit payments in euro will be clearer, with guaranteed equivalence.
- Consumption and investment are expected to increase as people gain greater confidence in the stability of their savings.
Dual price display starting from 8 August 2025 aims to ensure transparency during the transition from lev to euro. The dual circulation period will last from 1 to 31 January 2026, during which both lev and euro will be accepted as legal tender.
Benefits of the Euro for Businesses
Bulgarian companies will benefit from lower costs and improved growth conditions.
Key advantages for businesses include:
- Euro-denominated transactions between Bulgaria and other EU member states will no longer require currency conversion.
- Costs for transactions and bank conversion fees will be eliminated.
- Conversion expenses and exchange rate spreads will disappear in import and export activities.
- Uncertainty related to the lev–euro exchange rate will be reduced.
- Using the euro means operating in a competitive environment with easier access to financing.
- Trade in euro will increase along with opportunities for international business.
- Market integration within the EU will improve, making business planning more efficient.
As you can see, the benefits of adopting the euro are diverse and will impact all sectors of the economy. This is why it is important to prepare for the transition period and the official introduction of the new currency.
Frequently Asked Questions
What are the benefits of the euro?
The euro brings stability, simplifies payments, reduces costs, enhances investments, and strengthens trust in the banking system.
Will the euro make travel and trade easier?
Yes. All exchange costs will be eliminated, and payments in euro will be fast and free of extra fees.
What happens after Bulgaria adopts the euro?
A dual circulation period will begin, after which all payments will be made exclusively in euro.
How will the euro affect Bulgaria’s economy?
It will boost confidence, attract Eurozone investment, and improve conditions for long-term economic planning.
How will the euro affect citizens in Bulgaria?
It will simplify shopping, saving, and access to financial instruments in euro.