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Starting January 1, 2026, Bulgaria will officially adopt the Euro (EUR) as its sole currency, replacing the Bulgarian Lev (BGN).
This is a mandatory national change, not a company initiative. From this date onward, all payroll, invoicing, and financial reporting for our Bulgarian entity must comply with the new regulations.
What Changes?
All payments, contracts, and social security contributions will be made in EUR.
Updated legal regulations and rates will apply from January 1, 2026.
Official Exchange Rate
1 EUR = 1.95583 BGN (fixed rate).
Conversion must use the full official rate with five decimal places.
Abbreviated forms are not allowed.
Conversion Rules
General Rule:
Divide the amount in BGN by 1.95583 using all five decimals.Personnel Obligations:
Accrued but unpaid wages are rounded to the nearest euro cent.
If the third decimal place is greater than zero, increase the second decimal by one.
Example:
Unpaid wages = BGN 1,024.51
Calculation: 1,024.51 ÷ 1.95583 = EUR 523.82364
Rounded: EUR 523.83