US EditionBulgaria adopts euro amid fear and uncertainty
Bulgaria becomes the 21st eurozone member, with small and medium enterprises set to save €500 million in exchange fees despite 49% public opposition, Eurobarometer shows.
- On Thursday, Bulgaria will adopt the euro as the 21st member of the single currency area, with Georgi Angelov saying it will finally join euro decision-making bodies.
- Long ago, Bulgaria pegged its currency to the German mark and then to the euro, increasing reliance on the European Central Bank, while successive governments pushed eurozone membership, joining the 'waiting room' in 2020.
- SMEs may benefit directly, saving 500 million euros in exchange fees, while the tourism sector, generating eight percent of GDP this year, also stands to gain, ECB president Christine Lagarde said last month.
- Consumers warn the changeover could push prices higher amid inflation, with protests led by far-right and pro-Russia parties, and November food prices up according to the National Statistical Institute.
- Angelov warned stability is needed for at least one to two years, linking governance to benefits, and analysts warned political uncertainty could delay anti-corruption reforms, while Bulgarian Parliament this year adopted empowered oversight bodies to investigate price hikes.
37 Articles
37 Articles
Bulgaria is preparing to adopt the euro currency in January, on the basis of new internal political disturbances and fears that Russia's continued misinformation deepens mistrust towards the new currency, reports The Guardian. The state of the Balkans, with a...
Bulgaria is about to join the euro area on 1 January, a step that raises both economic hopes and concerns about a possible price surge During the summer, a new political movement was launched.
derwesten.de
news38.deBulgaria will introduce the euro from January 2026. New Bulgarian euro coins will come into circulation – but there is a risk of confusion.
From 1 January 2026, Bulgaria will become the 21st country to adopt the euro as an official currency.The decision, however, alerts concern about the population, which fears price increases and greater instability in the poorest country of the European Union (EU). This year, it has won a campaign of protest to "keep the Bulgarian flag", exploring the popular recession of a high cost of life and the widespread negative view of the single European …
Bulgaria prepares to join eurozone amid fears of Russian-backed disinformation
… von der Leyen, the president of the European Commission, has … a time of Russia’s war with Ukraine, rising geopolitical … marked by seven parliamentary elections and widespread corruption have … Vladimir Putin’s United Russia, claimed Bulgaria was heading for a …
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