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.
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In recent years, Abu Dhabi has emerged as a venue for high-stakes diplomacy, hosting sensitive talks on conflicts ranging from Ukraine-Russia to Armen...
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Ukrainian and Russian negotiators began the second round of U.S.-brokered talks in Abu Dhabi on Wednesday (4 February)....
Ukrainian and Russian negotiators began the second round of U.S.-brokered talks in Abu Dhabi on Wednesday (4 February).
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The United States and Iran are set to hold nuclear talks in Oman on Friday after Tehran requested a change of venue and a strictly bilateral, nuclear-focused format, a move that is fuelling questions about Iran’s negotiating strategy.
Cuba’s Deputy Foreign Minister Carlos Fernández de Cossío has denied that Havana and Washington have entered formal negotiations, countering recent assertions by U.S. President Donald Trump, while saying the island is open to dialogue under certain conditions.
Rivers and reservoirs across Spain and Portugal were on the verge of overflowing on Wednesday as a new weather front pounded the Iberian peninsula, compounding damage from last week's Storm Kristin.
Morocco has evacuated more than 100,000 people from four provinces after heavy rainfall triggered flash floods across several northern regions, the Interior Ministry said on Wednesday.
Iran’s Islamic Revolutionary Guard Corps (IRGC) unveiled a new underground ballistic missile base on Wednesday (4 February), just over a day before the start of mediated nuclear negotiations with the United States, slated for Friday in Oman.
Ukrainian President Volodymyr Zelenskyy accused Russia on Tuesday (3 February) of exploiting a U.S.-backed energy ceasefire to stockpile weapons and launch large-scale drone and missile attacks on Ukraine ahead of peace talks.
In recent years, Abu Dhabi has emerged as a venue for high-stakes diplomacy, hosting sensitive talks on conflicts ranging from Ukraine-Russia to Armenia-Azerbaijan, as the United Arab Emirates positions itself as a neutral platform amid deepening global divisions.
British Prime Minister Keir Starmer delivered a stark apology on Thursday, launching a direct attack on former U.S. ambassador Peter Mandelson and admitting he was wrong to trust him.
Iran’s Revolutionary Guards (IRGC) say they've detained two vessels in the Persian Gulf carrying more than 1 million litres of smuggled fuel, state media said, with 15 foreign crew members handed to judicial authorities.
An exchange of 314 prisoners of war has been agreed following U.S.-brokered trilateral peace talks in Abu Dhabi between delegations from the United States, Ukraine and Russia, according to U.S. President Donald Trump’s special envoy, Steve Witkoff.
U.S. President Donald Trump held an “excellent” phone call with Chinese President Xi Jinping on Wednesday, (4 February), to discuss trade, energy, Taiwan, Iran, and Russia’s war in Ukraine, ahead of Trump’s planned visit to Beijing in April.
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