Category: News

Bulgaria to Join Eurozone Smoothly and Confidently as of January 1, Says PM Zhelyazkov

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As of January 1, 2026, Bulgaria will smoothly and confidently become part of the euro area, said Prime Minister Rosen Zhelyazkov at a press conference on Tuesday. “If we assume that the main goal of any government is the prosperity of the nation, then our key task will be to ensure that Bulgarians in the euro area enjoy higher incomes, stronger purchasing power, and are protected against inflationary pressures,” Zhelyazkov stressed. Earlier on Tuesday, the European Parliament (EP) voted to adopt a report on Bulgaria’s adoption of the euro on…

Transport Ministers of Bulgaria, North Macedonia Push for Rapid Agreement on Railway Tunnel

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During a meeting between Bulgaria’s Deputy Prime Minister and Minister of Transport Grozdan Karadjov and his counterpart from the Republic of North Macedonia, Aleksandar Nikoloski, the two sides agreed to quickly finalize the agreement on the construction of a cross-border railway tunnel between the two countries. The meeting was part of the Global Transport Connectivity Forum 2025 in Istanbul, Karadjov’s Ministry reported. The meeting highlighted the need to build and modernize European transport corridors, with special emphasis on the rail and road Corridor 8 as a prerequisite for regional economic…

Some 83% of Bulgaria’s Administrative Structures Ready to Work with Euro

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A total of 82.95% of the administrative structures in Bulgaria have adapted their information systems to work with the euro, the press centre of the Electronic Governance Ministry said on Monday. A total of 516 out of 521 administrative bodies have submitted their plans and have completed the adaptation process, according to data on a web-based platform (evro.egov.bg) for tracking and reporting the progress of State structures for the introduction of the single European currency. The Electronic Governance Ministry plays a key role in preparing the public sector for the…

“The Bulgarian government is already in euro phase-in mode,” Prime Minister Rosen Zhelyazkov told a briefing at the Council of Ministers in Sofia

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“The Bulgarian government is already in euro phase-in mode,” Prime Minister Rosen Zhelyazkov told a briefing at the Council of Ministers in Sofia on Wednesday following the publication earlier in the day of the European Commission’s and the European Central Bank’s convergence reports on Bulgaria’s preparedness to join the euro area on January 1, 2026. According to Zhelyazkov, Bulgaria will be governed by several principles. “First, it will be a phased, calm introduction of the European currency in Bulgaria rather than a chaotic effort. The processes need to be calm,…

Bulgaria’s Policy on North Macedonia’s EU Integration Is Stable and Firm, Says Foreign Minister

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Talking to reporters here on Friday, Foreign Minister Georg Georgiev said that Bulgaria’s European restrained diplomatic tone and behaviour, in absolute counterpoint to the sometimes very hysterical behaviour of other countries, should not be mistaken for lack of activity. Georgiev was commenting on a National Assembly resolution adopted earlier in the day on North Macedonia’s progress towards EU accession. “Not only in recent days, but also in general Bulgaria’s policy on the European integration of the Western Balkans and specifically of our western neighbour – the Republic of North Macedonia…

EnduroSat AD is a Bulgarian aerospace manufacturer

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EnduroSat AD is a Bulgarian aerospace manufacturer headquartered in Sofia. It was founded in 2015 by Raycho Raychev. The company designs, builds, and operates CubeSats and Nanosatellites for commercial and scientific missions and is developing inter-satellite linking and data applications. EnduroSat was nominated as one of the top 5 small satellite start-ups. EnduroSat is a member of the International Astronautical Federation (IAF) and International Telecommunication Union (ITU). EnduroSat One: first Bulgarian CubeSat mission. The cubesat was developed within the Space Challenges 2018 program and aims at raising awareness on the…

PM Expects Green Light for Bulgaria’s Eurozone Accession

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Bulgarian Prime Minister Rosen Zhelyazkov expects a positive convergence report from the European Commission regarding Bulgaria’s accession to the eurozone. The European Commission has said that it will rule on Bulgaria’s request for an ad hoc convergence report on June 4. If the Commission’s decision is positive, it will trigger a lengthy administrative procedure involving the EU Council, the European Council and the European Parliament, the Prime Minister said, talking to reporters in the village of Zagore, Stara Zagora Region, on Wednesday. The PM explained that this procedure should end…

Bulgarian National Bank Publishes Answers to Questions Related to Loans, Bank Accounts and Currency Conversion upon Euro Adoption

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The Bulgarian National Bank (BNB) has published a new series of questions and answers related to the country’s accession to the eurozone, BNT said on Friday. These questions include: What will happen to a bank client’s remaining obligations/remaining principal on a loan initially taken out in BGN; Will there be a change in the installment on a loan taken out in BGN; Will the interest rate change from the date of the EUR adoption on a loan, if it was agreed at a fixed interest rate; Do clients need to…

PM Zhelyazkov to Ukrainian President: Bulgaria Continues to Support Ukraine’s Efforts to Establish Just, Lasting Peace

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Bulgaria continues to support Ukraine’s efforts to establish a just and lasting peace, Prime Minister Rosen Zhelyazkov said during his meeting with Ukrainian President Volodymyr Zelenskyy on Friday, as quoted by the Government Information Service. Their talks were part of a series of bilateral meetings that the Bulgarian Prime Minister held in Tirana on the sidelines of the Sixth European Political Community Summit. According to Zhelyazkov, establishing peace is not just a way to stop the war in Ukraine and restore its territorial integrity; it is a question related to…

Tourism Ministry Presents Bulgaria in Dubai at Arabian Travel Market 2025

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The Tourism Ministry presented Bulgaria at the Arabian Travel Market-ATM, an international tourism exhibition in Dubai, United Arab Emirates, held from April 28 to May 1, 2025, the Ministry’s press office said on Monday. ATM is the most significant tourism event in the Middle East and North Africa region. Annually, the show brings together more than 40,000 tourism industry professionals from around the world at the Dubai International Convention and Exhibition Centre (DICEC). “Bulgaria’s participation in Arabian Travel Market 2025 is a key step in our efforts to position the…