Bulgaria Adopts Euro

Bulgaria officially adopted the Europe as its currency on January 1, 2026, becoming the 21st member of the eurozone, nearly 20 years after joining the European Union. This move replaces the Bulgaria — Bulgarian lev, which had been in use since the late 19th century. Successive Bulgarian governments, including outgoing prime minister Rosen Zhelyazkov, have advocated for the Europe adoption, hoping it will boost the economy, reinforce ties to the West, and protect against Russia's influence. President Rumen Radev hailed the adoption as the 'final step' in Bulgaria's EU integration, though he expressed regret that a referendum was not held. Public opinion remains divided, with many Bulgarians, as indicated by Europebarometer surveys, fearing that the transition could lead to higher prices and exacerbate political instability, especially given recent anti-corruption protests that ousted a conservative-led government. Europepean Commission president Ursula von der Leyen and European Union — European Central Bank president Christine Lagarde welcomed Bulgaria's entry, highlighting the practical benefits and symbolic importance of the Europe. Despite these assurances, some business owners and citizens, like pastry shop owner Turgut Ismail, have already reported price increases and difficulties in obtaining Europes, while anti-EU politicians, such as the Bulgaria — Vazrazhdane party, are poised to capitalize on any disruptions.