US EditionBulgaria says it is back on track to adopt euro in 2026
- Bulgaria is on track to adopt the euro as its currency in 2026, becoming the eurozone's 21st member after EU approval and convergence reports.
- This follows decades of pegging the lev to the euro and efforts to meet eurozone criteria, especially reducing inflation to required levels by 2025.
- Officials expect euro adoption to improve Bulgaria’s trade, reduce transaction costs, and give it a formal vote in ECB decisions, despite limited influence on policy.
- Prime Minister Rossen Jeliazkov called euro adoption a “strategic leap” and condemned fear-mongering, while former deputy PM Pekanov highlighted rural voters’ inflation fears as main scepticism cause.
- Political opposition, especially from President Rumen Radev, calls for a referendum to delay accession, but legal rulings and parliamentary support make this unlikely to affect the planned 2026 entry.
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The EU Will Continue to Approve Bulgaria's Bid for the Euro when Sofia Can Move on to the New Currency
After years of waiting, more officials have stated to the Policy that it is expected that the European Commission and the European Central Bank (ECB) will finally reach agreement in a report which will be published next Wednesday.
·Romania
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Bulgaria Is Close to the Euro. The European Commission Will Give a Green One Approximately on 4 June.
The European Commission will give a green one, most likely on 4 June, for Bulgaria's accession to the euro area starting on 1 January 2026, announced to Reuters more officials from the euro area.
·Bucharest, Romania
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Total News Sources18
Leaning Left1Leaning Right0Center2Last UpdatedBias Distribution67% Center
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- 67% of the sources are Center
67% Center
L 33%
C 67%
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