Georgian speaker criticizes EU over unimplemented 2008 ceasefire agreement and sanctions
...
Bulgaria will adopt the euro on January 1, 2026, aiming for stronger economic growth and higher living standards, Prime Minister Rosen Zhelyazkov announced following the European Commission’s approval.
Prime Minister Rosen Zhelyazkov confirmed on Thursday that Bulgaria will officially join the euro zone on January 1, 2026, following the European Commission’s approval of the country's accession request.
Speaking in Sofia after meeting with European Union Commissioner for the Economy Valdis Dombrovskis, Zhelyazkov said the move will enhance Bulgaria’s economic growth and improve purchasing power.
“The accession to the euro area will guarantee better growth, better purchasing power for the people. This means better convergence with the European living standards,” he said.
Bulgaria, which joined the EU in 2007, will become the 21st country to adopt the euro. However, the announcement has sparked concerns about potential price hikes, as seen in other euro zone entrants.
Addressing these fears, Zhelyazkov said his government is implementing awareness campaigns and transparency measures to protect vulnerable populations, especially the elderly.
“There will be no tight deadline and no commission fees for converting savings from the lev to the euro,” he assured. “We will avoid the hastiness.”
The lev-to-euro conversion will be carried out at a fixed exchange rate, monitored by market regulators to prevent unjustified price increases.
With an average monthly salary of 2,443 leva (about $1,421), Bulgaria remains the EU’s poorest member state. The government hopes euro adoption will accelerate economic alignment with wealthier EU nations.
The world’s biggest dance music festival faces an unexpected setback as a fire destroys its main stage, prompting a last-minute response from organisers determined to keep the party alive in Boom, Belgium.
A powerful eruption at Japan’s Shinmoedake volcano sent an ash plume more than 3,000 metres high on Sunday morning, prompting safety warnings from authorities.
According to the German Research Centre for Geosciences (GFZ), a magnitude 5.7 earthquake struck the Oaxaca region of Mexico on Saturday.
A resumption of Iraq’s Kurdish oil exports is not expected in the near term, sources familiar with the matter said on Friday, despite an announcement by Iraq’s federal government a day earlier stating that shipments would resume immediately.
'Superman' continued to dominate the summer box office, pulling in another $57.25 million in its second weekend, as theatres welcome a wave of blockbuster competition following a challenging few years for the film industry.
The Russian and Belarusian armed forces will hold joint strategic drills in Belarus from 12 to 16 September, the Belarusian Defence Ministry announced on Tuesday.
European Union member states said on Tuesday that Ukrainians must have the right to decide their own future, speaking ahead of Friday’s planned talks between U.S. President Donald Trump and Russian President Vladimir Putin.
The U.S. and China have extended their tariff truce for 90 days, avoiding triple-digit duties on each other’s goods and easing market concerns as Washington and Beijing continue talks on a broader trade agreement.
Russian forces have advanced up to 10 km near Dobropillia in Ukraine’s Donetsk region, military trackers say, sparking warnings from analysts of a potentially serious escalation days before a Trump-Putin summit on ending the conflict.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment