Podcast in English
Text size
Bulgarian National Radio © 2025 All Rights Reserved

There is a chance that Bulgaria will adopt the euro on 1 January 2026, sources from Brussels said

Photo: Pixabay

If Bulgaria meets the eurozone criteria, there is nothing to stop it adopting the euro on 1 January 2026. This is what Brussels sources told BNR correspondent Angelina Piskova. They said that the decision should be taken by the EU Council. This is expected to happen in the summer. So far, the country does not only meet the price stability criterion.

Bulgaria has already announced its intention to request an extraordinary convergence report on the fulfilment of the euro area criteria. Prime Minister Rosen Zhelyazkov said this would happen after the Eurogroup meeting on 17 February

At that meeting, the new Bulgarian government and its finance minister, Temenuzhka Petkova, intend to inform their euro area counterparts how the country is meeting the criteria. But no decision will be taken. Nor is there a deadline for assessing Bulgaria's readiness. 

In any case, it will be necessary to wait for Eurostat's assessment, which will be published in the spring.



Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Parliamentary groups comment on the country's accession to the Eurozone

Full EU membership is neither the end of the story nor a solution to all problems. Realism and accurate self-assessment must guide important decisions, said MP Toma Bikov on behalf of the GERB-SDS parliamentary group after Bulgaria's accession to the..

published on 7/9/25 11:28 AM

The Ministry of Finance has launched an online calculator for the lev-euro exchange rate

An online currency converter is now available on the official website for the introduction of the euro in Bulgaria: evroto.bg. Following the official announcement of the exchange rate of 1.95583 leva to one euro, the calculator has been made easily..

published on 7/9/25 11:08 AM

ECOFIN allows Bulgaria and 14 other EU states to exceed the deficit limit for defence spending

The EU's Economic and Financial Affairs Council (ECOFIN) has allowed Bulgaria and 14 other EU countries to exceed their budget limits in order to boost defence spending . This will enable the countries to take on additional debt for defence purposes...

published on 7/9/25 9:44 AM