Bulgaria meets all the convergence criteria for joining the euro area from January 2026, according to the European Commission and the ECB on Wednesday 4 June.
For Bulgaria, the euro will mean “stable prices“, “lower transaction costs” and, for the enlarged euro area, “greater international weight”, said European Commissioner for Economy and Productivity Valdis Dombrovskis.
Initially hoped for in 2024 (see EUROPE B13440A18), Bulgaria’s euro area membership was previously...