Novinite.com
27 Jul 2025, 12:27 GMT+10
The transition to the euro in Bulgaria will take place in distinct stages between August 8, 2025, and December 31, 2026, during which prices for goods and services will be displayed in both Bulgarian lev (BGN) and euros. The Active Users Association provides guidance on how to navigate these changes without confusion.
Timeline and Payment Rules
From August 8, 2025, until the end of the year, all prices will be shown in both currencies, but payments must be made exclusively in levs. The dual display aims to help consumers familiarize themselves with euro values.
Starting January 1, 2026, through January 31, 2026, payments can be made either in levs or euros. However, when receiving change, merchants will primarily return euros, or levs only if euro change is unavailable. Returning change in both currencies simultaneously will be prohibited.
From February 1, 2026, until December 31, 2026, euro will be the sole currency accepted for payments, although prices will continue to be displayed in both currencies for transparency.
Dual Pricing Requirements and Exceptions
All goods and services offered to consumers must be labeled with prices in both lev and euro. Exceptions include items where dual pricing is technically infeasible, such as products with printed prices like books, bearer shares, certain payment instruments excluded by law, excise-labeled tobacco products, motor fuels displayed on external gas station boards, taxi meter rates, and issuance of invoices or credit/debit notes.
Despite these exceptions, merchants must still provide dual price information through alternative means, such as signage at gas stations or taxi company websites and physical stickers.
Conversion and Rounding Rules
The exchange rate to convert prices is fixed at ?1 = 1.95583 BGN. Prices in euro must be rounded to two decimal places following this principle: if the third decimal digit is between 0 and 4, round down; if between 5 and 9, round up.
For instance, a product priced at 5 BGN converts to ?2.56 (rounded from 2.556459), while an item costing 50 BGN converts to ?25.56 (rounded from 25.56459).
Presentation and Transparency Standards
Both physical stores and online retailers are required to display prices in lev and euro clearly, legibly, and with equal font size. The currency symbols or abbreviations must be distinct and not cause confusion or mislead consumers.
In cases where services are provided off-site, traders must ensure that pricing information is clearly visible and understandable at the place of retail.
Advertising and marketing communications featuring prices may only present amounts orally in lev until the euro's official launch, and thereafter only in euro.
When unit prices (such as per liter or kilogram) must be displayed, merchants can indicate only the sale price in both currencies.
During discounts or price reductions expressed in amounts or percentages, only the final price should be shown in both currencies.
For example, a refrigerator might be priced initially at 839.99 BGN and then discounted to 713.99 BGN / 365.06 ?.
Price comparisons must focus solely on the final prices shown in both currencies.
Tools for Consumers
To facilitate accurate and quick currency conversion and rounding for numerous products, an automated tool is available on the official euro introduction website (euro.bg/evroto.bg). This calculator converts lev prices to euros and vice versa using the official fixed exchange rate, helping prevent errors and easing consumers? adjustment to the new currency.
This staged and regulated approach ensures a smooth transition to the euro while maintaining transparency and clarity for Bulgarian consumers and businesses alike.
Get a daily dose of Germany Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Germany Sun.
More InformationThe US president has touted an agreement with the bloc after months of tense tariff negotiations ...
Turnberry [Scotland], July 28 (ANI): US President Donald Trump on Sunday (local time) announced that Washington and the European Union...
WASHINGTON, 27th July, 2025 (WAM) -- US President Donald Trump has announced a trade agreement between the United States and the European...
The transition to the euro in Bulgaria will take place in distinct stages between August 8, 2025, and December 31, 2026, during which...
Aid airdrops resume in N. Gaza: sources Airdrops of humanitarian aid resumed over various locations in the northern Gaza Strip on...
Kievs full membership in the bloc would turn Hungary into a battlefield, the Central European countrys leader said Ukrainian membership...
DUBLIN, Ireland: Tesco Ireland Ltd has initiated High Court proceedings to secure an injunction requiring a couple to remove horses...
DUBLIN, Ireland: Political leaders and former athletes are urging the Irish Government to support Basketball Ireland after the national...
GENEVA, Switzerland: Health authorities are facing a resurgence of the mosquito-borne chikungunya virus, with new outbreaks emerging...
WASHINGTON, D.C.: This week, President Donald Trump unveiled a new trade framework with Japan, announcing a 15 percent tariff on goods...
DUBLIN, Ireland: One person has died following a widespread outbreak of listeriosis, the Food Safety Authority of Ireland (FSAI) confirmed...
DUBLIN, Ireland: The Irish Government's Summer Economic Statement has laid out the groundwork for Budget 2026, confirming 1.5 billion...
