The European Central Bank has confirmed that Bulgaria now meets all criteria to adopt the euro, setting the stage for the country to join the eurozone on January 1, 2026, pending final approval from EU finance ministers.
Bulgaria is set to become the 21st member of the eurozone after the European Central Bank announced the country meets all necessary conditions to adopt the euro from January 1, 2026.
“This positive assessment of convergence paves the way for Bulgaria to introduce the euro,” said ECB Chief Economist Philip Lane.
The final decision will rest with EU finance ministers, expected to approve the move in early July. Following this, Bulgarian central bank officials will begin participating in ECB meetings as observers before formal accession.
While Bulgaria had previously struggled with inflation requirements, this time it just passed, with a 12-month inflation rate of 2.7% - slightly under the 2.8% reference value.
Though inflation is expected to rise to 3.6% in 2025, the European Commission forecasts a drop below 2% by 2026, aligning with eurozone standards.
Bulgaria’s euro entry will mark a major milestone in its EU integration, following years of effort and gradual economic alignment with the bloc.
The head coach of an National Basketball Association (NBA) team, a basketballer athlete and members of the alleged crime families were part of more th...
Azerbaijan and Indonesia are expected to take leading roles in a planned international force to be deployed in Gaza, Israel Hayom has reported, after ...
Britain’s King Charles and Pope Leo held a historic joint prayer in the Vatican’s Sistine Chapel on Thursday, the first such act of worship betwee...
U.S. Secretary of State Marco Rubio arrived in Israel on Thursday with the goal of implementing U.S. President Donald Trump's 20-point Gaza peace plan...
Two journalists have died with one other injured after the vehicle they were travelling in were struck by drones in the Kramatorsk region, Donetsk Obl...
The head coach of an National Basketball Association (NBA) team, a basketballer athlete and members of the alleged crime families were part of more than thirty people arrested in an FBI crackdown on illegal sports betting and rigged poker games.
Britain’s King Charles and Pope Leo held a historic joint prayer in the Vatican’s Sistine Chapel on Thursday, the first such act of worship between an English monarch and a Catholic pontiff since King Henry VIII’s break from Rome in 1534.
U.S. Secretary of State Marco Rubio arrived in Israel on Thursday with the goal of implementing U.S. President Donald Trump's 20-point Gaza peace plan, according to the U.S. State Department.
The Kremlin has reacted to the latest sanctions placed on it by the Trump led administration dubbing it “counterproductive”, adding that it was immune to the sanctions.
At least 69 people have died and almost 150 injured following a powerful 6.9-magnitude earthquake off the coast of Cebu City in the central Visayas region of the Philippines, officials said, making it one of the country’s deadliest disasters this year.
A tsunami threat was issued in Chile after a magnitude 7.8 earthquake struck the Drake Passage on Friday. The epicenter was located 135 miles south of Puerto Williams on the north coast of Navarino Island.
The war in Ukraine has reached a strategic impasse, and it seems that the conflict will not be solved by military means. This creates a path toward one of two alternatives: either a “frozen” phase that can last indefinitely or a quest for a durable political regulation.
A shooting in Nice, southeastern France, left two people dead and five injured on Friday, authorities said.
Snapchat will start charging users who store more than 5GB of photos and videos in its Memories feature, prompting backlash from long-time users.
President Vladimir Putin said on Thursday that Russia will not bow to pressure from the United States or any other country, warning that any strikes deep inside Russian territory would be met with a very serious, possibly overwhelming, response.
The head coach of an National Basketball Association (NBA) team, a basketballer athlete and members of the alleged crime families were part of more than thirty people arrested in an FBI crackdown on illegal sports betting and rigged poker games.
Azerbaijan and Indonesia are expected to take leading roles in a planned international force to be deployed in Gaza, Israel Hayom has reported, after Israel opposed Turkish participation in the mission.
Britain’s King Charles and Pope Leo held a historic joint prayer in the Vatican’s Sistine Chapel on Thursday, the first such act of worship between an English monarch and a Catholic pontiff since King Henry VIII’s break from Rome in 1534.
Two journalists have died with one other injured after the vehicle they were travelling in were struck by drones in the Kramatorsk region, Donetsk Oblast, Ukraine.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment