The European Commission and the European Central Bank (ECB) announced on
The European Commission and the European Central Bank (ECB) announced on Wednesday that Bulgaria has received the green light to adopt the euro currency, with formal entry into the eurozone scheduled for January 1, 2026. The decision will make Bulgaria the 21st member of the euro area and marks a significant economic milestone for the Balkan country, which has been working toward this goal since it joined the European Union in 2007.
Meeting the Criteria
The Commission’s “convergence report” confirmed that Bulgaria met all the required economic criteria. These include maintaining low inflation, sound public finances, stable exchange rates, and long-term interest rates in line with eurozone standards. In April, Bulgaria’s inflation rate was 2.8%—just within the allowed limit—while the country’s public debt stood at 24.1% of GDP in 2024, well below the 60% ceiling. Its projected budget deficits of 3.0% in 2024 and 2.8% in 2025 also passed scrutiny.
European Commission Vice-Presidents Roxana Minzatu and Valdis Dombrovskis attend a press conference on a report concerning Bulgaria’s criteria to adopt the Euro starting in 2026 and become the 21st country to join the single currency area, in Brussels, Belgium June 4, 2025. REUTERS/Yves Herman
As a next step, EU leaders
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