Text size

400 million leva bank investments for the transition to the euro

published on 3/30/25 4:15 PM

Photo: Pixabay

Banks have invested 400 million leva in preparing their systems for a smooth transition to the euro, announced Petya Dimitrova, chairwoman of the Association of Commercial Banks. She also recalled some of the benefits of the transition to the single currency:

“The next step after the Schengen area – the eurozone – will contribute not only to expanding the business sector. We believe that competitiveness, operational efficiency, access to capital, expanding markets are some of the common key things. Tourists and the entire business not having to convert, not having currency risk, having price transparency, being part of the large market are the great benefits.”

According to Petya Dimitrova, the partnership between banks and the tourism industry is good and by the end of last year, financial institutions had lent over 2.3 billion leva to the “hotel” and “restaurant” sectors.

Последвайте ни и в Google News Showcase, за да научите най-важното от деня!

Radio Bulgaria News banks eurozone

More from category

The images of Paisius of Hilendar and St. Ivan Rilski will be depicted on Bulgarian euro coins

The images of Paisius of Hilendar and St. Ivan Rilski will adorn Bulgarian euro coins The revised graphic design of the Bulgarian national side of the euro coins has been approved by the Governing Council of the Bulgarian National Bank. The..

published on 4/9/25 3:05 PM

Ministers Krasimir Valchev and Zhecho Stankov during their visit to Kozloduy NPP

Negotiating with Bulgarian energy engineers abroad to work on new NPP units

The project company "Kozloduy NPP - New Capacities", working on the construction of the new units No. 7 and No. 8 of the Kozloduy Nuclear Power Plant, has begun negotiations with Bulgarians who live abroad and have experience in nuclear power plants in..

published on 4/9/25 2:45 PM

A permanent coordination mechanism will counter smuggling

A permanently functioning coordination mechanism will control, prevent and counter smuggling, Prime Minister Rosen Zhelyazkov announced after a meeting with representatives of the services. "The objectives are clear, and the approach will be solid",..

published on 4/9/25 1:36 PM