The official page for adopting the euro in the Republic of Bulgaria has published a statement regarding attempts at political speculation and misinformation about the implementation of the euro and interest rates on loans and deposits.
According to "For the euro", they inform that:
- The Law on the Adoption of the Euro in the Republic of Bulgaria, Articles 28 and 44, states that there will be no changes in interest rates on loans and deposits after the adoption of the euro!!!
- When the agreed interest rate on the loan is fixed, the bank must continue to apply the same fixed interest rate, i.e. not higher than before the date of adoption of the euro.
- This will not lead to more unfavorable conditions or outcomes for the client or the bank. If the agreed interest rate on the loan is variable, the new interest rate cannot be higher than the size of the interest rate before the introduction of the euro.
- More reliable information and answers to questions about the introduction of the euro in Bulgaria can be found on the official website for the euro- https://evroto.bg/en
The statement is in response to the claims of the leader of "Revival" party Kostadin Kostadinov, who stated that interest rates on loans will increase with the introduction of the euro.
11768 | 19 March 2025 | 10:14
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