EU Commission Backs Bulgaria’s Eurozone Entry by January 2026
The European Commission has approved Bulgaria’s bid to adopt the euro, setting the country on course to join the eurozone on January 1, 2026 — a major milestone toward full European Union integration.
Announced on June 4, the decision confirms that Bulgaria meets all four of the EU’s nominal convergence criteria, which include price stability, sound public finances, exchange-rate stability, and long-term interest rate alignment.
“The euro is a tangible symbol of European strength and unity,” said European Commission President Ursula von der Leyen, welcoming Bulgaria’s progress.
The European Central Bank (ECB) is expected to release its assessment the same day, and Bulgarian officials anticipate a favorable opinion. The final decision now rests with the Council of the EU, which will consider inputs from the European Commission, ECB, the Eurogroup, and the European Council.
Although euro adoption was a requirement for Bulgaria’s EU membership, the journey has been slowed by inflation concerns, delayed financial reforms, and political instability — including seven elections in just four years.
This development marks Bulgaria’s second major integration step within a year. In January 2025, the country joined the Schengen Area, fully opening its borders with Greece and Romania.
Despite domestic protests and disinformation campaigns, officials in Sofia remain committed to eurozone entry, which they view as crucial for economic stability and deeper EU ties.
