Bulgaria Joins the Euro: A Milestone With Mixed Reactions

On January 1, 2026, Bulgaria officially adopted the euro, becoming the 21st member of the eurozone and marking a major step in its European economic integration. The change means the euro replaces the Bulgarian lev as legal tender, and Bulgaria now has a seat on the governing council of the European Central Bank. 

The transition follows years of effort to meet the EU’s economic convergence criteria, including inflation controls and fiscal reforms, and was backed by EU institutions and the Eurogroup earlier in 2025.

While business leaders and many officials praised the move as a boost for trade, investment, and economic stability, critics and segments of the public remain skeptical. Some fear price increases and loss of national monetary control, and protests have occurred amid political upheaval in the country. 

During a transitional period, both lev and euro may still be used for payments, but only euros will be given as change—a step that will gradually phase out the old currency. 

Economists say eurozone membership could bring long-term advantages, especially in trade and financial stability, though political debates over identity and economic impact continue.

👉 Read more: dw.com/en/bulgaria-joins-eurozone-despite-opposition/a-75359463

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