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 International Monetary Fund (IMF) is closely monitoring the aftermath of Hurricane Melissa, which caused widespread devastation across the Caribbe...
A Türkiye-registered Air Tractor AT-802F crashed in western Croatia on Thursday, killing the pilot, local authorities and media reported....
A new report released by the United Nations Development Programme (UNDP) has warned that Afghanistan is facing overlapping and severe crises, as milli...
MrBeast, the world’s most popular YouTuber, has officially launched his first theme park, Beast Land, in Riyadh, Saudi Arabia....
Azerbaijan are hosting Iceland in their 2026 FIFA World Cup European Qualifying match at the Neftci Arena in Baku on 13 November....
The International Monetary Fund (IMF) is closely monitoring the aftermath of Hurricane Melissa, which caused widespread devastation across the Caribbean, particularly in Jamaica and Haiti.
A Türkiye-registered Air Tractor AT-802F crashed in western Croatia on Thursday, killing the pilot, local authorities and media reported.
A new report released by the United Nations Development Programme (UNDP) has warned that Afghanistan is facing overlapping and severe crises, as millions of people continue returning to the country despite widespread poverty and failing essential services.
MrBeast, the world’s most popular YouTuber, has officially launched his first theme park, Beast Land, in Riyadh, Saudi Arabia.
Two earthquakes centered in Cyprus on Wednesday were felt across northern and central regions of Israel, raising concerns among residents in both countries. The first tremor occurred at 11:31 a.m., with the epicenter near Paphos, Cyprus, at a depth of 21 kilometers.
Mali's Prime Minister, General Abdoulaye Maiga, sharply criticised France and Algeria on Tuesday (11 November) for allegedly supporting terrorist groups operating in the Sahel region. His comments came during the opening of the Bamako Military Exhibition (BAMEX).
Streets and homes in Taiwan's Yilan County were left inundated with mud and rubble on Wednesday (12 November) after floodwaters swept through residential areas, forcing residents to wade through puddles of water and clear debris from damaged homes.
Russia has expressed its readiness to resume peace talks with Ukraine in Istanbul, according to a statement by a Russian foreign ministry official, Alexei Polishchuk, quoted by the state news agency TASS on Wednesday.
Russia’s Foreign Minister Sergei Lavrov has urged the U.S. to avoid actions that could intensify the war in Ukraine, citing President Donald Trump’s past support for dialogue.
The U.S. government is set to resume operations on Thursday after the longest shutdown in American history left air traffic disrupted, food aid suspended for low-income families, and more than one million federal workers unpaid for over a month.
Walt Disney (DIS.N) is bracing for a potentially long and contentious battle with YouTube TV over the distribution of its television networks, a development that has raised concerns among investors about the future of its already struggling TV business.
As Chile heads into its presidential election on Sunday, voters are gripped not by economic reform or social policy, but by crime, immigration, and organized gangs—a dramatic shift from the left-wing optimism that defined the previous cycle.
The International Monetary Fund (IMF) is closely monitoring the aftermath of Hurricane Melissa, which caused widespread devastation across the Caribbean, particularly in Jamaica and Haiti.
A Türkiye-registered Air Tractor AT-802F crashed in western Croatia on Thursday, killing the pilot, local authorities and media reported.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment