Bulgaria’s Parliament voted on July 30 to approve the second and final reading of amendments to the Euro Adoption Act.
The legislation concerns steps to be taken in the run-up to and after Bulgaria’s adoption of the euro as its currency as of January 1 2026.
In their first-reading form, the amendments drew strenuous objections from the private sector and leading economists for their vagueness, the suspicion that they could be exploited for abuse of power, and that they reintroduced aspects of a command economy in a country that turned its back on such practices more than three decades ago.
The Cabinet billed the amendments as enabling protection of consumers from unscrupulous traders seeking to abuse the entry of the euro to gouge prices. The bill, approved at relatively high speed ahead of Parliament’s summer recess, attracted criticism that its measures could be use
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