This article was automatically translated from HIBAPRESS, the Arabic version:
Hibapress
The European Commission announced on Wednesday that Bulgaria was ready to adopt the euro from January 1, 2026, which would make it the 21st EU member state to join the euro zone.
This assessment is in the 2025 convergence report, drawn up at the request of the Bulgarian authorities, and which notes that Bulgaria fulfills the four nominal convergence criteria, which aim to guarantee that a country is ready to adopt the euro and that its economy is sufficiently prepared to do so.
The legislation of the Member State has also been deemed compatible with the requirements of the Treaty and the statutes of the European central banks system and the European Central Bank (ECB).
The evaluation of the European Commission also takes into account other factors relevant to economic integration and convergence, in particular the evolution of the balance of payments and the integration of the markets of products, labor and financial markets.
Thanks to the Euro, the Bulgarian economy will strengthen, with more exchanges with the partners of the euro zone, foreign direct investment, access to financing, quality and real income jobs ”, said the president of the European Commission, Ursula von der Leyen.
From now on, it is on the EU council, which represents the member states, to make the final decisions on the adoption of the euro by Bulgaria, following discussions within the Eurogroup and the European Council, and after the European Parliament and the ECB have returned their opinion.
