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Bulgaria becomes 21st member to adopt euro after EU green light

BULGARIA, JUL 8 – The Eurogroup fixed the lev-to-euro conversion rate at 1.95583, marking Bulgaria's transition from its currency board after nearly 30 years, with entry set for January 1, 2026.

  • Bulgaria becomes the 21st member to adopt the euro after the EU green light.
  • Economists say Bulgaria will not feel any significant change in the short term, as the lev is currently pegged to the euro by law.
  • While European Union officials have approved the move, public opinion across the country remains sharply divided over concerns of rising prices and loss of national identity.
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139 Articles

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Left
22
Center
25
Right
14
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Lean Left

Bulgaria is introducing the euro from next year - this week it jumped over the last hurdle in Brussels. But many Bulgarians fear that their economic situation will worsen. Rumors fuel such a mood.

·Belgrade, Serbia
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Lean Left

Bulgaria will adopt the euro from next January

·Mexico
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Center

Green light for Bulgaria

·France
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Lean Right

The poorest country in the European Union will start using the common currency from 1 January next; it will have to limit debt and deficits

·Buenos Aires, Argentina
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Bias Distribution

  • 41% of the sources are Center
41% Center
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EURACTIV broke the news in Brussels, Belgium on Wednesday, June 4, 2025.
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