With the introduction of the euro, in force as of 1 January 2026, one of the most significant financial changes for Bulgarian businesses in recent decades is underway. This transition has required the adjustment of systems, internal policies, documents and processes. The transition has taken on not only a technical, but also an organizational dimension, requiring clear and effective communication.
Key Deadlines
- 8 August 2025: start of the mandatory dual price display period in lev and euro.
- 1 January 2026: official introduction of the euro and payment of salaries and invoices exclusively in euro.
- 1 to 31 January 2026: period of parallel circulation of lev and euro cash.
- 8 August 2026: end of the dual price display requirement.
Internal Organization and Key Roles
The transition phase requires coordinated involvement across the main corporate departments:
- Human Resources: ongoing management of communication with employees, updating internal policies and supporting the conversion of remuneration.
- Accounting: recalculating salaries and account balances, preparing financial statements in euro, and ensuring the correct functioning of accounting systems.
- IT: adapting and testing software systems, including payroll, accounting, ERP, and POS systems.
Company management is responsible for overseeing the process and defining an appropriate communication strategy.
Technological Adaptation and Conversion
All systems must be configured to operate in euro using the fixed exchange rate of 1 EUR = 1.95583 BGN and to correctly apply rounding rules, particularly with regard to salaries. System testing and verification activities have represented a key step in the transition process in order to avoid operational errors in 2026. Employment contracts remain valid without the need for amendments. Salaries for December 2025 were paid in lev, while salaries from January 2026 onward are paid in euro. The 2025 financial statements remain prepared in lev and were converted into euro as of 1 January 2026.
Communication and Risks
Transparent communication with employees continues to be essential in order to reduce uncertainty and concerns related to the currency conversion. Any issues arising during the transition phase may result in calculation errors, reporting issues and operational risks, even in the absence of specific penalties.