Bulgaria has every chance of joining the Eurozone in 2026 after the expected positive decision by the European Commission and the European Central Bank. About it reports Politico with reference to several knowledgeable interlocutors.
The decision is expected to be made in early June. The entry of Bulgaria to the Eurozone will mean the official introduction of the euro instead of the national currency - the lion. This will be an important economic step that will allow the country to deepen integration into a single European market, reduce transaction costs and strengthen economic ties with EU partners.
Today, Lev has been tied to the euro for a fixed rate for many years, but Bulgaria has not had access to decision -making within the eurozone monetary policy. After joining the Currency Union, the head of the Bulgarian Central Bank will be able to take a seat in the Council of the ECB governings.
However, critics warn of possible negative consequences - in particular, a jump in prices during the transition to the euro. Residents of rural regions, for which even a small increase in the cost of goods and services, can be the most vulnerable.
