US EditionBulgaria readies to adopt the euro, nearly 20 years after joining EU
Bulgaria becomes the 21st eurozone member amid protests and logistical issues, with food prices rising 5% year-on-year, more than twice the eurozone average.
- Bulgaria is set to adopt the euro on January 1, 2026, nearly 20 years after joining the European Union.
- While some have advocated for the currency switch to boost the economy, others fear it could usher in higher prices and instability.
- Outgoing Prime Minister Rossen Jeliazkov defended the move, citing economic growth, but a protest campaign emerged against replacing the lev currency.
66 Articles
66 Articles
Tomorrow, January 1, 2026, Bulgaria will introduce the euro as an official means of payment, which will make its national currency the lev "go down in history", which is why the authorities of that member of the European Union (EU) are warning that on New Year's Eve there could be temporary technical stops in the banking system and card payments.
"Tomorrow Bulgaria will become part of the euro area. This goal is the result of years of hard work and commitment. It means simpler payments, easier trips and many new opportunities for Bulgarian businesses. (ANSA)
Bulgaria will become the 21st country to adopt the euro at midnight on New Year's Eve.
Bulgaria joins the euro area on Thursday and will thus become the 21st country to adopt the single European currency. However, some fear that this integration will promote inflation and increase political instability. - Bulgaria: the poorest country in the EU will move to the euro on 1 January 2026 despite the fear of inflation (International).
The introduction of the euro was obscured by internal political chaos: the Bulgarian government resigned at the beginning of the month in the wake of national protests against corruption, leaving the country without an agreed budget for next year
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