Payment

Cost of Euro Adoption in Bulgaria Estimated at Over Half a Billion Levs

The Ministry of Finance in Bulgaria has revealed that the process to facilitate the exchange of levs with euros in the country will come with a hefty price tag, estimated to be at least BGN 500 million. This disclosure accompanies the draft Law on the introduction of the euro, which was published by the Ministry on Tuesday.

Only 1 in 5 has got the IRIS system

Just 260,000 freelancers and self-employed people have so far registered in the system of accepting payments through their account, a service supported by IRIS of DIAS Interbanking Systems SA. The number of registered freelancers falls well short of the total number active in Greece - 1.3 million - and the deadline expires at the end of March.

The European Commission is preparing to create a Digital Euro

The European Commission is preparing to create a digital euro, it became clear from a draft law seen yesterday by DPA.

Consumers in Eurozone countries will be able to pay with the digital euro in a variety of ways, for example through their smartphones or smartwatches.

This payment method differs from paying by debit or credit card, DPA notes.

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