Financial Supervision Commission Sets Deadlines for Euro Adoption in Bulgaria
The Financial Supervision Commission (FSC) has alerted its regulated entities about advancing to the next phase of preparations for introducing the euro in Bulgaria, highlighting the crucial role of the non-banking financial sector.
As outlined in the Action Plan for euro adoption, the FSC is tasked with initiating the process of updating information systems in the non-banking sector by November 30, 2024, to facilitate operations with the euro. To assist in this transition, the Minister of e-Government will provide methodological instructions aimed at adapting financial information processing systems in line with the euro's introduction.
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