The introduction of the euro represents a significant milestone in Bulgaria’s economic development and integration into the Eurozone. However, the process must be governed by clear, predictable, and inclusive legislation that upholds the highest standards of democratic consultation, market transparency, and institutional accountability.
Over the past two weeks, the BBCC board and team have been closely following the public and institutional debate surrounding the Draft Law for the Amendment and Supplementation of the Law on the Introduction of the Euro in the Republic of Bulgaria.
Numerous partner organizations have expressed detailed opinions, raising critical concerns and proposing constructive amendments to the current draft. Although these positions come from diverse stakeholders, they share common ground in terms of principles and priorities.
BBCC formally supported the positions submitted to the Bulgarian government and parliament, by the following organizations -Transparency International – Bulgaria, The Bulgarian Entrepreneurial Association, The Institute for Market Economics and the American Chamber of Commerce in Bulgaria.
We fully endorse the arguments and recommendations articulated in their statements. In our view, they reflect the shared concerns of the broader business community in Bulgaria — both domestic and international — regarding transparency, legal certainty, the preservation of market principles, and the importance of stakeholder engagement during this crucial stage of euro adoption.
The results of the joint efforts of the business efforts have led to some significant changes between the two readings of the law, which was voted in Parliament on Wednesday. We remain committed to continuing the active dialogue between the business and government.