Bulgaria Set to Adopt Euro in 2026

Bulgaria Set to Adopt Euro in 2026

Bulgaria 8 July 2025 21:00

The European Parliament voted overwhelmingly on Tuesday in favor of a report confirming that Bulgaria meets the criteria to adopt the euro on January 1, 2026. The vote passed with 531 in favor, 69 against, and 79 abstentions during a plenary session in Strasbourg, CE Report quotes BTA

A motion to delay the vote, proposed by the Europe of Sovereign Nations Group, which includes Bulgaria’s Vazrazhdane party, was rejected.

Bulgarian MEP Eva Maydell (EPP/GERB) said the decision "sends a clear signal: Bulgaria is ready to join the Euro area."

Later the same day, EU finance ministers in Brussels finalized the necessary legislation for Bulgaria’s accession, officially setting the adoption date and fixing the conversion rate at EUR 1 = BGN 1.95583.

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