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.
Russian air strikes injured 13 and damaged buildings in the Ukrainian capital of Kyiv and in the Black Sea port ci...
Poland has urged the European Union to accelerate action against Meta after a new report estimated the technology giant could have earned around $1...
UN Secretary-General Antonio Guterres has warned that the world “cannot afford a race to the bottom” on artificial intelligence safety,...
U.S. President Donald Trump has again said Iran is keen to reach a deal quickly, but a senior Iranian security official rejected the claim, saying Tehran will not negotiate until its conditions are met.
A Danish military helicopter came within “metres” of being struck by flares fired by a Russian warship, Denmark's Defence Minister Jeppe Bruus said on Tuesday. Russia accused Denmark of carrying out “dangerous manoeuvres” near its ship, and said it was investigating the incident.
Saudi Arabia said its air defences destroyed a Houthi drone south of Mecca before it could enter prohibited airspace over the holy city, as attacks by the Iran-aligned group deepen regional tensions.
Ukrainian President Volodymyr Zelenskyy said that Ukraine was carrying out tests on a new weapon to intercept drones and had recorded a successful hit overnight.
European Commission President Ursula von der Leyen is outlining the EU's priorities in her annual State of the Union address, covering security, support for Ukraine, trade with China, migration, climate and artificial intelligence.
Russian air strikes injured 13 and damaged buildings in the Ukrainian capital of Kyiv and in the Black Sea port city of Odesa in the early hours of Thursday, officials said on the Telegram messaging app.
Poland has urged the European Union to accelerate action against Meta after a new report estimated the technology giant could have earned around $199 million (760 million zlotys) from fraudulent advertisements in the country over a year.
Israel and Morocco have agreed to upgrade their diplomatic relations, turn their existing missions into full embassies and appoint ambassadors, marking a further expansion of ties restored under the U.S.-brokered Abraham Accords.
China has officially opened the Pinglu Canal, a $10.75 billion waterway giving the country's landlocked southwest a shorter, direct route to the sea and Southeast Asian markets.
Pakistan has condemned Houthi attacks on Saudi Arabia at the United Nations, warning that escalating fighting in Yemen and increased activity around the Bab al-Mandab Strait threaten regional stability, global shipping and energy security.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment