The unit of currency in Bulgaria (currency code: BGL) is the lev, divided into 100 stotinki. The Bulgarian National Bank is the bank of issue and handles government funds and state-owned enterprises.
On the 5th of July, 1999, the Bulgarian National Bank acted on the previously announced re-denomination of the Bulgarian Lev by introducing new banknotes and coins. The Bulgarian Council of Ministers together with the National Assembly passed and enacted a package of laws and decrees outlining and regulating the re-denomination well before the 5th of July, 1999. Starting at 12:00 am on Monday, the 5th of July, 1999, the Bulgarian lev was substituted by a new lev in a ratio of 1,000:1. That is to say, as of that date 1,000 old leva equaled 1 new lev (equal to 1 Deutsche Mark, 0.51 Euro or US$ 0.55). The re-denomination went into effect for all prices in leva - goods, services, bank accounts, and savings bonds. Until December 31st, 1999, all prices must be stated both in new and old leva; after that date, all prices will be stated in new leva only. The entire process was performed in order to facilitate all payments, as well as all accounting and exchange operations.
Simultaneously with the re-denomination, the Bulgarian National Bank began to circulate new banknotes and coins. Beginning on July 5th, 1999, there were 6 new coins and 6 new banknotes in circulation. Until December 31st, 1999, all individuals and sales persons are obliged to accept both old and new banknotes and coins; after that date, the old currency may be exchanged for new one at any branch of the BNB.
The criminal law and the
Penal Code of the Republic of Bulgaria prohibit the unlawful
reproduction of its currency and the use of any kind of counterfeit
money! Violators will be prosecuted!
Graphics by Bulgarian National Bank
Text by Visit to Bulgaria
© 2021, D. Georgieva
DID YOU KNOW?
100% Increase of Property Prices in Sofia in the Last 15 Years
Call Properties in Bulgaria (a service of easyBG Real Estate LLC) - probably the best UK BG property specialists since 1998. Talk NOW with no obligation to a real person. Please call us at 07440 964-345 (UK) or +359 29 862-863 (BG)
Whilst every care is taken to ensure that all general information and descriptions of property is correct we advise all clients to make their own checks and take legal advise when purchasing property overseas. Information and price guides subject to change. All properties shown are to the best of our knowledge genuinely for sale at the time of publication (unless clearly marked "Under Offer" or "Sold"). Although the properties have been visited by our staff and details are produced in good faith, no responsibility is taken by us for any discrepancies, inaccuracies or omissions. All introductions and referrals to agents, lawyers and other services are made in good faith but no responsibility is taken by us for any problems or negligence which may arise. All background information about Bulgaria is taken from that available in the public domain and is not a recommendation from us or our staff although of course we may add comments and suggestions based on personal experience (such as restaurants)
14 Feb 2021, Communication Restored
Our sincere apologies to all of you who've recently faced certain difficulties using our 'Contact Us'
and 'Free Property Listing'
forms. Both are now working OK. Sorry for the inconvenience. Please try them again now.01 Feb 2021, Planned Website Update
Today we're launching our upgraded dark theme mode of the entire site. Thanks to our IT engineers, who have managed to re-design it from scratch in such a short terms, we hope you - our clients - will be better served from now on both technologically and visually. Please let us know your thoughts
on the new dark mode.
Due to the recent events related to the COVID-19, regretably after 22 years, we had to leave our central Sofia office for correspondance and administrative purposes only. For personal appointments and property viewings please contact us
PROPERTIES IN BULGARIA - our NEW official mobile app is now open for free download on the market at: click here
Housing in Bulgaria's Capital Sofia Rose by 49% Within Four Years, 08/09/2020
Housing in Sofia rose by 48.6% in four years. This ranks the capital in first place among the major cities in the ranking of property prices. The prices of newly built apartments in Sofia in the first quarter of the year are 43.3% higher than in 2015, according to data from the National Statistical Institute. In the case of existing apartments, the increase for the same period is much higher - by 50.6%. For such a long period of time in the rise in price of new and old apartments in Sofia there is the smallest difference compared to other major cities in the country with over 120 thousand inhabitants. This shows that there is a serious demand in the capital for both new construction and existing housing. [read more]
Vitosha Boulevard in the Top 50 of the Most Expensive Streets in Europe, 14/11/2019
Vitosha Boulevard, known as "Vitoshka" among the capital's residents, has climbed the ranking of the most expensive streets in Europe, according to a list of a US real estate company. [read more]
UK Embassy in Bulgaria, 31/01/2019
Ambassador Emma Hopkins has a message for UK nationals in Bulgaria. In it she provides an update on latest negotiations, the Embassy's recent work and reminds of the importance of registering with Bulgarian authorities if you reside in Bulgaria. [watch the video]
The flipside is that Bulgarian property is now remarkably affordable and probably appropriately priced. Properties that sold for €80,000 10 years ago are widely available now for €25,000, writes Diarmaid Condon in Is the price now right for Bulgarian property investments?. [read the article]
If you're looking for a cheap beach holiday this summer, you should head to Bulgaria and Turkey, according to the 12th annual Post Office Travel Money Holiday Costs Barometer. [read the article]
British holidaymakers are moving east to extract more value for their pounds, according to Europe’s biggest travel firm, writes Simon Calder in Bulgaria and Croatia See More Bargain-Seeking Brits. [read the article]
Nick Lavtchiev, director of Easy BG - a company that deals almost exclusively with UK clients - told Oxford Business Group (OBG) recently that, "Over-urbanisation is no good for this market. What is the point of going on vacation or having a home in a place that is as overpopulated and ugly as where you came from? There are plenty of other places in the middle of nowhere that are of interest to aspiring permanent residents.". [read the article]
The Report - Emerging Bulgaria 2007, 01/01/2007
"There is significant scope for development of spa and welness tourism due to Bulgaria's many mineral springs. Golf course development is another area where we are seeing growth." said Nick Lavtchiev, CEO of easy BG a local property firm". [read the book]
The prices are almost irresistible, but buyers must beware dodgy deals and 'iffy' infrastructure, writes Cheryl Markosky in Bulgaria Beckons. [read the article]