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Eurogroup Paves Way for Bulgaria to Adopt Euro
- On June 19, European finance ministers recommended that Bulgaria join the eurozone as its 21st member, aiming for euro adoption on January 1, 2026.
- This recommendation followed positive convergence assessments by the European Commission and European Central Bank, confirming Bulgaria's economic readiness.
- The Ecofin council unanimously agreed on June 20 to advance Bulgaria's euro adoption process, pending final approval from the EU Council set for July 8.
- Eurogroup President Paschal Donohoe praised Bulgaria's achievement as "a well-deserved achievement" and a strong signal for the monetary union's stability.
- If approved, Bulgaria will transition to mandatory dual pricing in leva and euros starting August 8, while consumer protection measures and pricing transparency initiatives are underway amid domestic public opposition.
33 Articles
33 Articles
The money changes to the Bulgarian neighbours. For many, the change will mean more than a simple financial transition – it will mark a moment of uncertainty about everyday life and economic stability. Article 3 of the euro brings the ends of basic products. The authorities say it's only a species that appears for the first time in Romania TV.
Dual Pricing, Strict Monitoring: What to Expect from Bulgaria’s Euro Adoption Law - Novinite.com - Sofia News Agency
The guiding principle in Bulgaria’s Law on the Introduction of the Euro is consumer protection, and the transition to the single currency should not result in higher prices for consumers. That’s what Maria Filipova, Chair of the Consumer Protection Commission (CPC), emphasized in an interview with the Bulgarian National Radio. According to Filipova, if the EU Council gives the green light for Bulgaria to join the eurozone on July 8, the country …
Time for Dollar Diplomacy in Bulgaria
Foreign Affairs Time for Dollar Diplomacy in Bulgaria There are ways for the U.S. to maintain influence in Europe without relying on military assets. Credit: ilolab/Shutterstock Bulgaria’s government has announced plans to join the eurozone early next year. This is a contentious decision, as many Bulgarians do not want to abandon their currency, the lev, in favor of control of their economy to Brussels-based bureaucrats. Polling shows that at l…
Bulgaria is expected to be able to adopt the euro by 1 January 2026.
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