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), the Bulgarian Private Equity and Venture Capital Association (BVCA), and the Bulgarian Entrepreneurial Association (BESCO).
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 Chairperson of the National Assembly, and all parliamentary groups.
The associations emphasize that the introduction of the euro on 1 January 2026 is a strategic step towards greater economic stability, access to cheaper financing, increased investment activity, and an improved credit rating for the country.
The financial sector declares its readiness to actively support a smooth transition to the euro – through consumer protection, adherence to sound market practices, monitoring of pricing behaviour, and the implementation of information campaigns.
“Delaying the process would mean missed benefits and increased uncertainty. The euro is not just a currency – it is a commitment to stability, predictability, and economic development,” the organizations note.
“Joining the Euro Area is the logical continuation of our European integration. It will ensure lower transaction costs, the elimination of currency risk, and a more predictable business environment for Bulgarian citizens and companies,” the declaration states.
The organizations stress that the experience of countries with similar economic profiles – such as Croatia, Slovakia, and Lithuania – proves the positive impact of Euro Area membership: accelerated growth, higher incomes, and faster convergence with developed EU economies.
In their joint position, the associations call on the European Commission to give the “green light” for Bulgaria’s accession to the Euro Area, underlining that the country is institutionally, technically, and economically prepared for this important step.
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