Bulgaria will become the 21st country / day of the eurozone next year

The European Commission and the European Central Bank (ECB) gave Bulgaria the green light to the introduction of the euro in early June this year on 1 January 2026. As a result, Bulgaria will become the 21st country that will join the eurozone.

The European Commission points out in a convergence report that Bulgaria meets the formal criteria needed to introduce the euro. The Commission also assessed whether the Bulgarian economy was integrated with the other Member States of the European Union (EU). The ECB has also acknowledged that Bulgaria has fulfilled all the criteria to introduce the euro next year.

The positive assessment of the Commission will still have to be approved by EU leaders. Subsequently, EU Member States’ finance ministers will determine the Bulgarian Leva conversion course against the euro, leaving the country to prepare technically for the rest of the year, the agency marks the course of change. Reuters.

Fulfills the criteria

Bulgaria had to comply with several conditions in order to receive recommendations for the introduction of the euro. The inflation criterion stipulates that inflation cannot be more than 1.5 percentage points higher in the eurozone candidate country than the three best figures for EU Member States. In April, France had the best results with an inflation rate of 0.9%, Cyprus with an inflation rate of 1.4% and Denmark with an inflation rate of 1.5%, which ranked Bulgaria with 2.8% directly within the limits. Media Euronews Recalls that last year Bulgaria’s accession to the eurozone was postponed because the country failed to limit the pressure of prices. European energy crisis that began