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Eurozone Ministers Approve Bulgaria’s 2026 Entry

It follows confirmation that Bulgaria has met convergence requirements ahead of final sign-off by EU heads of state.

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Die Finanzminister der Eurogruppe treffen sich zu Gesprächen in Luxemburg. Auf der Agenda stehen unter anderem die Entwicklungen der nationalen Haushalte sowie die Aufnahme Bulgariens in die Währungsunion.

Overview

  • Finance ministers at a Luxembourg meeting voted to admit Bulgaria to the euro area effective January 1, 2026.
  • The European Commission and the European Central Bank confirmed in June that Bulgaria fulfilled criteria on price stability, public finances and exchange-rate stability.
  • Originally slated for early 2024, euro adoption was postponed after inflation in Bulgaria reached about 9.5 percent.
  • As the EU member with the lowest GDP per capita, Bulgaria aims to eliminate currency risk and attract more trade and investment.
  • Domestic protests have erupted over concerns about sovereignty and inflation and the accession still requires formal approval by EU leaders and legal ratification.