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.
Armenia heads to the polls on 7 June in a key parliamentary vote seen as a test of its democratic reforms and political direction since 2018. Prime Mi...
The U.S. plans to seek the redirection of Iranian assets to Gulf states to help fund reconstruction and repairs for damage attributed to Iran, a sourc...
Iraqi Prime Minister Ali Falih al‑Zaidi will pay an official visit to the United States, bringing with him a delegation of business leaders, priva...
A U.S. doctor who contracted Ebola while on a humanitarian mission in the Democratic Republic of Congo has recovered and been discharged from a hospit...
People across Gaza are facing a worsening humanitarian crisis, with millions struggling to access food, clean water, shelter and medical care as the c...
Iraqi Prime Minister Ali Falih al‑Zaidi will pay an official visit to the United States, bringing with him a delegation of business leaders, private‑sector representatives and banking officials, in an effort to boost investment and deepen economic ties with Washington.
After the dissolution of the Soviet Union in 1991, newly independent Armenia emerged with the promise of democracy. But in the years that followed, conflicts and political assassinations sidetracked politics in the country, until a 2018 revolution restored momentum to the promise.
For decades, the factory taught the battlefield. Ukraine is now reversing the lesson.
Armenian authorities arrested six candidates from the pro-Russian Strong Armenia bloc on Saturday, one day before voters were due to take part in parliamentary elections.
Armenian authorities arrested six candidates from the pro-Russian Strong Armenia bloc on Saturday, one day before voters were due to take part in parliamentary elections.
More than 6,000 people gathered outside a vote-counting centre in Seoul on Friday night, demanding this week’s local elections be repeated after ballot shortages left some voters unable to cast their ballots.
Five Azerbaijani crew members were killed, and three others were injured after two cargo vessels were hit in a drone attack in the Sea of Azov, Azerbaijan's Foreign Ministry said on Friday, as Russia blamed Ukraine for the strike.
The U.S. said it struck Iranian radar sites on Qeshm Island and in Goruk after intercepting four drones, while Iran's Revolutionary Guards said they launches retaliatory strikes on four tankers in the Strait of Hormuz and targeted U.S. bases in the Gulf.
The new AnewZ documentary, TARGET: Yerevan, builds its explosive case on exclusive, secret recordings originally published by Minval Politika.
Iraqi Prime Minister Ali Falih al‑Zaidi will pay an official visit to the United States, bringing with him a delegation of business leaders, private‑sector representatives and banking officials, in an effort to boost investment and deepen economic ties with Washington.
People across Gaza are facing a worsening humanitarian crisis, with millions struggling to access food, clean water, shelter and medical care as the conflict continues.
Ukrainian Deputy Prime Minister Oleksiy Kuleba said Russian forces attacked two civilian search and rescue vessels operating in Ukrainian waters on Saturday, leaving several people injured.
The United States has approved the possible sale of five Seahawk maritime helicopters to New Zealand in a deal valued at $1.5 billion, as Wellington moves to strengthen its armed forces.
The United States has announced an additional $38 million to support efforts to contain the Ebola outbreak in the Democratic Republic of Congo, as health officials warn that the virus could spread further without stronger action.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment