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Bulgaria's big currency gamble

02:26

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February 23, 2026

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.

Bulgaria's adoption of the euro in early 2026 has progressed smoothly, with 75% of lev cash replaced in the first month. Businesses like start‑up Voltera are expecting stronger investor confidence and reduced currency‑conversion costs. The European Central Bank estimates that small and medium‑sized companies could save around €500 million annually in exchange fees.

Public opinion, however, remains divided: half of Bulgarians opposed the switch, citing fears of rising prices and political instability fueled by campaigns calling for a return to the lev. Despite these concerns, inflation slowed to 3.6% in January — its lowest level in nine months — and dual pricing rules remain in place until the euro becomes the sole currency on price tags in August.

This video summary was created by AI from the original DW script. It was edited by a journalist before publication.

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