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.
Speaking during a closed-door deposition in New York on Thursday (February), former U.S. Secretary of State Hillary Clinton said she did not “recall...
Four people were killed and six detained after armed Cuban exiles aboard a Florida-registered speedboat were intercepted at sea on Wednesday, drawing ...
The United States has deployed the aircraft carrier USS Gerald R. Ford near Israel as part of a growing military build-up amid tensions with Iran, whi...
Britain’s Ministry of Defence is reviewing military flight records after files appeared to show that Jeffrey Epstein’s private jet landed at Royal...
Pakistan’s overnight air strikes on Afghanistan’s major cities have deepened a volatile standoff between the neighbours, straining a fragile cease...
Speaking during a closed-door deposition in New York on Thursday (February), former U.S. Secretary of State Hillary Clinton said she did not “recall” ever meeting the late sex offender Jeffrey Epstein and had “no knowledge of his crimes”.
The United States has deployed the aircraft carrier USS Gerald R. Ford near Israel as part of a growing military build-up amid tensions with Iran, while governments around the world urge their citizens to leave parts of the region.
Iran’s Foreign Minister Abbas Araghchi on Friday urged Afghanistan and Pakistan to resolve their differences through dialogue, offering Tehran’s assistance to facilitate understanding between its eastern neighbours.
Melania Trump, the First Lady of the United States, will chair a session of the United Nations Security Council on Monday in an historic first, becoming the first sitting first lady to preside over a council meeting during Washington’s monthly presidency of the body.
The death toll from heavy rains and flooding in Brazil’s Minas Gerais state has risen to 46, authorities said, with 21 people still reported missing. The storms triggered landslides and widespread flooding, displacing thousands across Juiz de Fora and Uba.
The situation in Cuba was heating up and called for restraint following a deadly incident involving a Florida-registered speedboat off the coast of the Caribbean island, the Kremlin said on Thursday (26 February).
Syria’s economy is showing clear signs of recovery, with economic activity accelerating in recent months, the International Monetary Fund (IMF) said on Wednesday.
The United States has deployed the aircraft carrier USS Gerald R. Ford near Israel as part of a growing military build-up amid tensions with Iran, while governments around the world urge their citizens to leave parts of the region.
Venezuela’s Attorney General Tarek William Saab and Ombudsman Alfredo Ruiz tendered their resignations to the National Assembly on Wednesday. Neither official has publicly provided reasons for stepping down.
Four people were killed and six detained after armed Cuban exiles aboard a Florida-registered speedboat were intercepted at sea on Wednesday, drawing swift reactions from Washington, Havana and Moscow.
Speaking during a closed-door deposition in New York on Thursday (February), former U.S. Secretary of State Hillary Clinton said she did not “recall” ever meeting the late sex offender Jeffrey Epstein and had “no knowledge of his crimes”.
Britain’s Ministry of Defence is reviewing military flight records after files appeared to show that Jeffrey Epstein’s private jet landed at Royal Air Force bases, adding fresh pressure on police who are already examining his movements through several civilian airports.
Pakistan’s overnight air strikes on Afghanistan’s major cities have deepened a volatile standoff between the neighbours, straining a fragile ceasefire and prompting Islamabad to call the confrontation an “open war.”
Melania Trump, the First Lady of the United States, will chair a session of the United Nations Security Council on Monday in an historic first, becoming the first sitting first lady to preside over a council meeting during Washington’s monthly presidency of the body.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment