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.
Israeli airstrikes on southern Lebanon killed two people in the past 12 hours, Lebanon’s Health Ministry said on Tuesday....
The Prime Minister, Mark Carney, announced on 16 February that the Honourable Janice Charette has been appointed as the next Chief Trade Negotiator to...
Cuba’s fuel crisis has turned into a waste crisis, with garbage piling up on most street corners in Havana as many collection trucks lack enough pet...
Jordan’s King Abdullah II warned on Monday that what he described as “illegal” Israeli measures in the occupied West Bank risk undermining de-es...
Robert Duvall, the Oscar-winning actor renowned for his steely intensity and commanding performances in films including The Godfather and Apocalypse N...
Israeli airstrikes on southern Lebanon killed two people in the past 12 hours, Lebanon’s Health Ministry said on Tuesday.
The Prime Minister, Mark Carney, announced on 16 February that the Honourable Janice Charette has been appointed as the next Chief Trade Negotiator to the United States.
Cuba’s fuel crisis has turned into a waste crisis, with garbage piling up on most street corners in Havana as many collection trucks lack enough petrol to operate.
Jordan’s King Abdullah II warned on Monday that what he described as “illegal” Israeli measures in the occupied West Bank risk undermining de-escalation efforts and inflaming regional tensions.
U.S. Ambassador to NATO Matthew Whitaker said China has the power to bring an end to Russia’s war in Ukraine, arguing that Beijing is enabling Moscow’s military campaign.
Austria’s Janine Flock won the gold medal in the women’s skeleton event at the Milano-Cortina 2026 Winter Olympics on Saturday.
Iran’s Supreme National Security Council Secretary Ali Larijani said the United States could evaluate its own interests separately from those of Israel in ongoing negotiations between Tehran and Washington.
U.S. Secretary of State Marco Rubio on Sunday (15 February) called it “troubling” a report by five European allies blaming Russia for killing late Kremlin critic Alexei Navalny using a toxin from poison dart frogs.
Israel’s National Guard is preparing to deploy drones capable of firing tear gas at Palestinians in the occupied West Bank, including East Jerusalem, as part of security preparations ahead of the Muslim holy month of Ramadan, Israeli Channel 12 reported on Saturday.
The Pentagon has threatened to designate artificial intelligence firm Anthropic as a “supply chain risk” amid a dispute over the military use of its Claude AI model, according to a report published Monday.
Representatives of Ukraine, Russia and the United States are set to meet in Geneva for a third round of trilateral negotiations aimed at ending the nearly four-year war, even as both sides intensify military pressure on the ground.
The Prime Minister, Mark Carney, announced on 16 February that the Honourable Janice Charette has been appointed as the next Chief Trade Negotiator to the United States.
Cuba’s fuel crisis has turned into a waste crisis, with garbage piling up on most street corners in Havana as many collection trucks lack enough petrol to operate.
Day 10 of the Milano Cortina 2026 Winter Olympics delivered high-stakes semifinals, dramatic finishes and classic podium moments across Milan and the Italian Alps. Photographers captured split seconds of symmetry before puck drops, explosive turns on the ice and triumphant celebrations.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment