Name: Bulgarias big currency gamble
Uploaded: 2026-02-23T13:57:27.187Z
Duration: 2 min 26 s
Description: The Euro has arrived in Bulgaria, replacing the Lev in just weeks. While companies welcome the change, many people fear higher prices and political turmoil as the country enters a new era.

The Euro has arrived in Bulgaria, replacing the Lev in just weeks. While companies welcome the change, many people fear higher prices and political turmoil as the country enters a new era.

Sofia

Bulgaria has successfully adopted the euro as its official currency at the beginning of 2026, replacing the LEV. Within the first month, 75% of LEV cash was exchanged for euros, and businesses like the startup Volterra expect increased investor confidence and reduced currency conversion costs.

Despite these economic advantages, public opinion remains divided, with half of Bulgarians reportedly against the switch according to 2025 polling. Concerns over potential price increases persist, although official data shows inflation slowed to 3.6% in January, its lowest in nine months. Vendors are currently required to display prices in both currencies, but only the euro will be shown starting in August.

Bulgaria's big currency gamble

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Breakdown