economy
January 1, 2026
Bulgaria Prepares To Adopt Euro Amid Price and Political Concerns
The Balkan country is set to become the euro zone’s 21st member at midnight.
TL;DR
- Bulgaria will officially adopt the euro, becoming the 21st member of the euro zone.
- The transition involves replacing the lev currency, in use since the late 19th century.
- Hopes exist that the euro will boost Bulgaria's economy, but public concerns about price increases are prevalent.
- The country has faced recent anti-corruption protests and political instability, with elections on the horizon.
- Outgoing Prime Minister notes Bulgaria's GDP and economic growth, attributing inflation to increased purchasing power, not the euro.
- Shopkeepers have reported difficulties obtaining euro starter packages.
- Banks have cautioned about potential disruptions to card payments and ATM withdrawals.
- A significant portion of Bulgarians (49%) oppose the adoption of the single currency.
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