The declaration was signed by the Association of Banks in Bulgaria (ABB), the Bulgarian Association of Supplementary Pension Security Companies (BASPSC), the Association of Bulgarian Insurers (ABI), the Bulgarian Association of Asset Management Companies (BAAMC), the Bulgarian Association of Licensed Investment Intermediaries (BALII), Bulgarian Private Equity and Venture Capital Association (BPEVCA) and the Bulgarian Entrepreneurial Association (BEA). It was sent to the Presidents of the European Commission, the European Central Bank and the European Parliament, as well as to the President of the Republic of Bulgaria, the Speaker of the National Assembly and all parliamentary groups.
The associations emphasize that the introduction of the euro from 1 January 2026 is a strategic step towards increased economic stability, access to cheaper financing, strengthening investment activity and a higher credit rating for the country. The financial sector declares its readiness to actively support the smooth transition to adoption of euro – through consumer protection, compliance with good market practices, control over pricing behaviour and conducting information campaigns.
“Slowing down the process would mean missed benefits and economic uncertainty. The euro is not just a currency – it is a commitment to stability, predictability and economic development,” the organizations also point out.
“Joining the Eurozone is the logical continuation of our European path. It will guarantee lower transaction costs, the elimination of currency risk and a more predictable business environment for Bulgarian citizens and companies,” the declaration says.
The organizations draw attention to the fact that the experience of countries with a similar economic profile – such as Croatia, Slovakia and Lithuania – proves the positive effect of membership in the Eurozone: accelerated growth, increased incomes and faster catching up with the developed economies in the EU.
In their joint position, the associations call on the European Commission to give the “green light” to Bulgaria’s accession to the Eurozone, emphasizing that the country is institutionally, technically and economically prepared for this important step.
Annex: OFFICIAL DECLARATION of national associations in the banking and non-banking financial services, entrepreneurship and equity and venture capital sectors.
