The mayor of Sofia announced on social media that the city is ready to adopt the euro, and residents do not have to worry about an increase in the cost of living. Vasil Terziev's words are a reaction to fears that Bulgaria's adoption of the euro will translate into an automatic increase in the prices of products and services.
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According to TVN24, the authorities of the Bulgarian capital have adopted appropriate changes in municipal regulations, which are to come into force with the introduction of the new currency. The new regulations are intended to ensure transparency and no additional burdens for residents and entrepreneurs.
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Terziev emphasized that the euro transition process will take place without hidden increases and new fees, as well as without an increase in penalties. He stressed that the euro would not be used as an excuse to raise prices.
He also added that in some cases, especially in public transport, residents can even expect price reductions thanks to rounding down.
Bulgaria introduces the euro. The mayor of Sofia assures: there will be no price increases
As TVN24 notes, the most important changes that will come into force with the adoption of the euro include new public transport ticket prices. The mayor of Sofia presented detailed calculations, which show that most of the tickets will be converted into euros.
The city authorities announced, among others: an example of a “30 plus” ticket, the price of which will be EUR 0.80 from 1.60 levs (a decrease of approximately 4 cents) or a “60 plus” ticket (from 2.20 levs – EUR 1.10, i.e. a decrease of 5 cents).
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The city authorities ensure that the fee for household waste collection will remain at the current level, both in terms of amount and method of calculation.
Terziev said that no increases in local taxes or fees are planned in 2026. He emphasized that the priority for the Sofia authorities is the effective management of public funds and investments in the city's development, and not increasing the burden on residents and entrepreneurs.
