Alpha News

Bulgaria Adopts Euro, Nearly 20 Years After EU Accession

Published January 1, 2026, 07:28

Bulgaria has adopted the euro, becoming the 21st country in the Eurozone, almost 20 years after its accession to the European Union. The transition from the lev to the euro took place at midnight on New Year's Day, with the hope of strengthening economic ties with other EU members. Despite the expectations, there are concerns about potential price increases, given the unstable political situation. President Radev expressed regret over the lack of a referendum on the adoption of the euro, highlighting the gap between the political class and the people. This decision is seen as a significant step towards Bulgaria's full European integration.