Bulgaria marked its entry into the euro zone on Thursday with a display of euro coins on the front of the central bank in the capital, Sofia.
As of midnight on 1 January, the euro became the country’s currency, replacing the lev.
Bulgaria becomes the euro zone’s 21st member and means they get a seat at the European Central Bank’s rate-setting Governing Council.
Successive Bulgarian governments have tried to make the step since the Balkan country joined the EU in 2007.
Some Bulgarians worry using the euro will increase prices.
Prime Minister Rosen Zhelyazkov lost a confidence vote in December, after widespread protests against the 2026 budget.
A referendum on using the euro was proposed by President Rumen Radev but rejected by the outgoing government.
Now the number of Europeans using the euro exceeds 350 million people.
The last country to join the single currency group was Croatia in 2023.
Bulgaria marked its entry into the euro zone on Thursday with a display of euro coins on the front of the central bank in the capital, Sofia....
Chelsea Football Club have parted ways with manager Enzo Maresca, after the London side have won just one of their last seven English Premier League g...
Israel will revoke the licenses of 37 aid organisations from operating in Gaza and the West Bank, stating the groups have failed to meet the requireme...
Shusha, the historic jewel of Karabakh, is rising again—where geography, history, and modern innovation converge to shape a city reborn....
Bulgaria is preparing to replace its national currency, the lev, with the euro on 1 January, a long-awaited move welcomed by businesses but viewed with scepticism and anger by some citizens.
Thousands of Bulgarians took to the streets on Thursday evening to protest against the outgoing government, demanding fair elections and judicial reforms to address what they describe as widespread corruption.
The resignation of Bulgaria's government on Thursday (11 December) puts an end to an increasingly unpopular coalition but is likely to usher in a period of prolonged political instability on the eve of the Black Sea nation's entry into the euro zone.
Bulgaria’s President Rumen Radev has said the government’s resignation is “inevitable” and called for early elections following mass protests over budget policies and allegations of corruption.
Dozens of people are feared dead and around 100 others injured after an explosion tore through a crowded bar during New Year’s Eve celebrations at the Swiss ski resort of Crans-Montana, authorities said.
The Russian radio station known as 'Doomsday Radio' (or UVB-76) unexpectedly began playing ‘Swan Lake’, music from a ballet composition. The last time this was done was during the deaths of Soviet-era leaders and the 1991 coup.
Protests in Iran over soaring prices and a plunging rial have spread to universities in Tehran, as students join shopkeepers and bazaar merchants in demanding government action. With inflation above 42% and the rial at record lows, unrest continues to grow across the country.
As Russia’s war in Ukraine enters its fourth year, rising casualties, economic struggles, and mounting unrest expose cracks in society. Despite Kremlin propaganda, frustration is growing as more Russians question the government’s narrative, according to The Washington Post.
European leaders held talks on Ukraine after Russia said it would revise its negotiating position, citing an alleged Ukrainian drone attack that Kyiv has firmly denied.
Chelsea Football Club have parted ways with manager Enzo Maresca, after the London side have won just one of their last seven English Premier League games.
Israel will revoke the licenses of 37 aid organisations from operating in Gaza and the West Bank, stating the groups have failed to meet the requirements under new registration rules.
Dozens of people are feared dead and around 100 others injured after an explosion tore through a crowded bar during New Year’s Eve celebrations at the Swiss ski resort of Crans-Montana, authorities said.
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