The European Commission has confirmed that Bulgaria is ready to adopt the euro on 1 January 2026, having met all convergence criteria and aligned its legislation with EU and ECB requirements. A formal proposal has been submitted for Council approval, with final endorsement pending consultation with the Eurogroup, European Parliament, and ECB. The euro adoption is expected to enhance Bulgaria’s economic stability, trade, and investment, following its earlier entry into Schengen in 2025.
Bulgaria on Track to Adopt Euro in 2026
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Bulgaria
Author: Ljubica Blagojević
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Fiscal subject related
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Content accuracy validation date:
13.06.2025
Content accuracy validation time:
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The European Commission has confirmed that Bulgaria is ready to adopt the euro on 1 January 2026, marking a major step in its economic integration with the EU. This conclusion, detailed in the 2025 Convergence Report, finds that Bulgaria meets all four nominal convergence criteria and that its legislation aligns with EU treaties and the ECB framework. The report also considers broader economic integration factors, such as trade, financial, and labor market developments.
In response, the Commission has proposed a Council Decision and Regulation to introduce the euro in Bulgaria. Final approval will follow discussions in the Eurogroup and European Council and opinions from the European Parliament and ECB. This decision follows Bulgaria’s formal request in February 2025 for a special convergence assessment, building on its participation in ERM II since 2020.
Commission leaders emphasized the euro’s economic benefits—price stability, lower transaction costs, increased trade and investment—and praised Bulgaria’s readiness. The move follows the country’s full entry into Schengen in early 2025, symbolizing deeper EU integration.
Important Points:
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Bulgaria is set to join the euro area on 1 January 2026.
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It fulfills all convergence criteria and legal compatibility.
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The decision follows its ERM II participation since 2020.
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Final approval rests with the EU Council, after institutional consultations.
The euro is expected to boost trade, investment, savings, and economic stability in Bulgaria.
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