Sofia, Bulgaria: The Deputy Prime Minister and Minister of Finance, Asen Vassilev, notified that the council of ministers will adopt a national plan for introducing the EURO by 2024. The plan was approved on Friday, May 27, 2022.
Sharing the news, Vassilev asserted, “This is the operational plan, which gives clear deadlines and tasks to the institutions – how will the currency conversion happen, the reversal of deposits, loans, how will this work in the registry agencies, so that on January 1, 2024, we can be technically ready for adoption of the euro”.
He then added that there are a number of legislative changes on the way, which also consists of amendment to the BNB Act and public discussions.
“Three months before and nine months after the introduction, the prices in BGN and EUR will be published in order to protect consumers. The rate is fixed – it is the current rate. Especially for traders it is planned to have a double cash register – in BGN and in EUR, within one month”, following the above statement, the deputy prime minister informed.
In relation to the Bulgarian version of the Magnitsky Act, Vassilev added that a working group is being led by the Ministry of Justice, the Ministry of Finance, the Ministry of Foreign Affairs, SANS and a number of other institutions.
Following the above statement, the minister then added that the Ministry of Justice is the right ministry – to comply with all national and international acts.
The full statement of the deputy prime minister is as below-