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European Commission Clears Bulgaria for Euro Adoption in 2026

Meeting inflation, fiscal and exchange‐rate benchmarks paved the way for Bulgaria’s January 1, 2026 switch to the euro, triggering a public campaign to ease citizen worries.

A general view of the European Commission and Parliament office, in Sofia, Bulgaria June 4, 2025. REUTERS/Stoyan Nenov
A man passes by graffiti sign reading 'No to Euro' in Sofia, Bulgaria, Monday, June 2, 2025. (AP Photo/Valentina Petrova)
Euro banknotes are seen in this illustration taken July 17, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
Protester holds a poster reading 'Preserve Bulgarian Lev. Win the battle!' during an anti-Euro protest in Sofia, Bulgaria Saturday 31, May 2025. (AP Photo/Valentina Petrova)

Overview

  • European Commission’s convergence report found that Bulgaria met all four Maastricht criteria— inflation, public finances, exchange-rate stability and long-term borrowing costs—qualifying it as the eurozone’s 21st member.
  • EU leaders will formally endorse the recommendation at a June summit and finance ministers are set to fix the lev-to-euro conversion rate in July.
  • Finance Minister Temenuzhka Petkova announced a nationwide information drive this week to highlight investment and stability gains and to counter misinformation.
  • Public scepticism remains high, with half of Bulgarians opposing the switch and thousands protesting in Sofia over fears of price hikes and weak institutional trust.
  • Poland stands apart as one of six EU states outside the eurozone, with President Karol Nawrocki reiterating his commitment to preserve the Polish zloty.