Bulgaria Euro Adoption 2026: A Historic Shift Amid Domestic Turmoil
Bulgaria joins the eurozone as its 21st member on Jan 1, 2026. Discover the economic impact, conversion rates, and the political controversy behind this historic expansion.
Tomorrow, January 1, 2026, Bulgaria will officially become the 21st member of the eurozone. It's a massive milestone for the Southeast European nation, though the mood on the streets of Sofia remains tense as citizens brace for the change.
Bulgaria Euro Adoption 2026: Economic Leap or Sovereign Risk?
According to Reuters, the move increases the number of Europeans using the single currency to 356 million. The conversion rate is set at 1.95583 Bulgarian lev per euro. While the ECB expects a modest inflation impact of only 0.2 to 0.4 percent, many Bulgarians fear the transition will erode their purchasing power.
Deep Skepticism and Political Instability
The country is split down the middle. A May 2025 poll showed 46.5% support and 46.8% opposition. Pro-Russian parties like Vazrazhdane have labeled the move "treason," claiming it sacrifices financial sovereignty to Brussels. This comes as Bulgaria grapples with corruption allegations and the recent resignation of its pro-EU coalition government.
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