Dialogos

Bulgaria Officially Adopts the Euro Nearly 20 Years After EU Accession

Published January 1, 2026, 09:01
Bulgaria Officially Adopts the Euro Nearly 20 Years After EU Accession

Bulgaria officially adopted the euro today, January 1st, 2024, becoming the 21st country in the Eurozone. This decision, which comes almost 20 years after its accession to the European Union, aims to strengthen economic ties with other EU members. The euro-lev exchange rate remains fixed at 1 to 1.9558 since 2006. Despite expectations of economic strengthening, many Bulgarians express fears of inflation, especially after the recent increase in food prices. The government is trying to reassure citizens, emphasizing that joining the Eurozone will protect the country from Russian influence and bring it closer to the West.