site.btaFinancial Watchdog Poll: Over 90% of Non-bank Firms Ready for Euro Adoption

More than 90% of companies in the non-bank financial sector are already fully prepared for the adoption of the euro as of January 1, 2026, while the remaining companies will complete their adaptation processes by the end of the year, shows a survey conducted by the Financial Supervision Commission (FSC), the regulator announced on its official website. More than 85 of the largest companies in the country’s non-bank financial sector took part in the survey, with the conclusion being that the sector is ready for Bulgaria’s entry into the euro area.

The majority of companies have already adapted their information systems and have successfully conducted functionality tests, with no problems identified. According to the FSC, 99% of companies have ensured proper currency conversion and dual display of amounts in Bulgarian leva and euros, with preparations to meet legal requirements either completed or in their final stage.

All insurance policies, pension fund accounts, and investment positions will be automatically converted from leva to euros as of January 1 next year. This means that there will be no need to re-sign contracts or conclude additional agreements related to the introduction of the euro in Bulgaria, explained FSC Chair Vasil Golemanski during an informational meeting in Blagoevgrad held in September this year as part of the National Information Campaign on the introduction of the euro in Bulgaria. 

In all three sectors regulated by the FSC - pension insurance companies, insurance companies and the capital market - every contract, every pension fund account, every insurance policy and all investment positions will be automatically recalculated in euro as of January 1. Policyholders, account holders and holders of shares or bonds do not need to take any steps. All conversions will be carried out by the respective companies and by the Central Depository where investment activities are concerned, Golemanski said.