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Bulgaria is approaching the adoption of the euro currency, amid ongoing public debate and concerns
- Bulgaria is close to adopting the euro as its currency, aiming to join the eurozone on January 1, 2026, with final EU approval pending.
- This move follows Bulgaria's long EU membership since 2007 and joining the Exchange Rate Mechanism in 2020, despite political instability and corruption fueling euroscepticism.
- Thousands protested in Sofia and other cities, driven by fears of inflation, economic harm, and disinformation campaigns pushed by nationalist and pro-Russian parties.
- A Eurobarometer survey found that half of Bulgarians are opposed to adopting the euro, while experts indicate that any inflation resulting from the currency switch would likely be minimal—generally under 1%—and that Bulgaria’s disciplined fiscal policies mean it poses virtually no financial threat to the broader eurozone.
- Despite societal tensions, the government intends to proceed with euro adoption, expecting benefits like lower borrowing costs and deeper European integration.
154 Articles
154 Articles
Bulgaria is joining the euro in January – and not everyone is pleased
The EU has given the green light for Bulgaria to join the euro from January 1 2026. This huge step towards European integration comes just six months after Bulgaria became a full member of Schengen area, within which people can move freely across borders. However, while rapprochement moves apace at the top level, euroscepticism shows little sign of abating at the grassroots level in Bulgaria, or in national party politics. Protests calling for B…
Bulgarians Protest Introduction of Euro
Several supporters of the right-wing Revival party and citizens rallied in front of the GERB party headquarters in Sofia on Thursday, June 12th, voicing their opposition to the planned adoption of the euro. The protest prompted an increased police presence in the area.According to organizers, the demonstration was intentionally held outside GERB’s offices to allow people to express what Revival described as “violent discontent against GERB and t…
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