Particle.news
Download on the App Store
3 ARTICLES
·
2mo ago

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.

Image
Image
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.