Philenews

Bulgaria Adopts the Euro: A Case of Hope and Concern

Published January 4, 2026, 07:15
Bulgaria Adopts the Euro: A Case of Hope and Concern

Bulgaria adopted the euro on January 1st, 2026, becoming the 21st country in the Eurozone. While the government claims to be fully prepared, concerns remain about the country's economic situation, which was the poorest in the EU in 2024 with high poverty rates. Bulgaria also faces political instability with frequent elections and a recent government resignation. Price increases, particularly in food, are already being observed, exceeding the Eurozone average, raising fears of a further deterioration in citizens' economic conditions. The article raises questions about the effectiveness of a single currency for countries with different economic realities, such as Cyprus and Greece, and refers to the nostalgia for old currencies due to the rising cost of living.