Key Highlights
- It is trading its long-standing national currency, the lev, for the euro on January 1, 2026, which will make it the 21st member of the eurozone. Policymakers in Sofia and Brussels are presenting the switch as a chance to boost the economy of the EU’s poorest state and further anchor it within Europe’s political and financial heart. Yet despite official optimism, the mood on the streets, in town squares and in parliament is far from united.
- The move has exposed deep divisions among Bulgarians about what joining the euro really means for their wallets, identity and future, as reported by the Guardian. STORY CONTINUES BELOW THIS ADWhat leaders are sayingEuropean Commission President Ursula von der Leyen has championed the decision, arguing that “thanks to the euro”, Bulgaria will have more trade, more investment and more “quality jobs and real incomes”. More from World Dhaka’s dangerous drift towards Islamist anarchy: Why Bharat must prepare for a 3.5-front war Beyond the scale: Why young Indians are developing diabetes and fatty liver earlier than everValdis Dombrovskis, the EU’s economy commissioner, has echoed the same sentiment, noting that the decision comes at a time of geopolitical tension that “underlines the importance of European unity”. Supporters argue that joining the eurozone will strengthen Bulgaria’s economic standing, increase foreign investment and offer more predictable business conditions, and long-term gains that could help lift living standards for many citizens. Fears over identity and costBut not everyone is convinced.
- A recent survey by the ministry of finance found Bulgarians sharply split, roughly half support adopting the euro while nearly as many are opposed. Quick ReadsView AllPakistan President reveals he was advised to take shelter in bunkers during Op SindoorFrom Paris to Tokyo, global cities scale back New Year celebrations amid terror fearsAt the human level, the concerns are tangible.
- Pensioner Maya Neshev, who spoke to the Guardian, said: “The uncertainty is evident and I have concerns because I am retired… Does it make sense?
- How will it happen in January?”“For many Bulgarians, the lev isn’t just money—it’s part of our identity,” said 26-year-old engineer Elena Vasileva, as quoted by the Guardian.
