Bulgaria's Euro Changeover Plan has been updated to the new date - 1 January 2025

The government on November 8 adopted an update of the National Plan for the introduction of the euro in the Republic of Bulgaria. Part of the changes are related to the adjustment of the necessary time periods to the new indicative date for euro area membership - 1 January 2025.

The National Plan for the introduction of the euro in the Republic of Bulgaria envisages the implementation of a large-scale communication and information campaign that will familiarize citizens with all practical aspects of the introduction of the euro as the official legal tender by providing accurate, accessible and timely information, the press office of the Council of Ministers said.

The amendments to the Plan have been developed and approved by the Coordination Council for the preparation of the Republic of Bulgaria for Eurozone membership, which is co-chaired by the Minister of Finance and the Governor of the Bulgarian National Bank.

The document is being updated to adapt it to the newly emerging circumstances and the progress in the technical preparations for the introduction of the euro in the Republic of Bulgaria.

In addition, this version of the Plan responds to the emerging requirements for updating the guidelines and functions of the working groups of the Coordination Council for the preparation of the Republic of Bulgaria.

The methodological instructions to the administrative bodies on the adaptation of information systems to the euro are included an annex to the Plan in order to ensure the accurate and uniform application of the requirements for the introduction of the euro by the administrative bodies when adapting their information systems to the euro.