The EU gave the green light on Wednesday for Bulgaria to adopt the euro from 1 January 2026, meaning it will become the 21st member of the single currency area.
The European Commission said that Bulgaria had fulfilled the strict criteria “intended to ensure that a country is ready to adopt the euro and that its economy is sufficiently prepared to do so”.
European Commission president Ursula von der Leyen posted about it on her social media , saying:
Today, Bulgaria is one step closer to adopting the euro.
This will mean more investment and trade with euro area partners, and more stability and prosperity for the Bulgarian people.
Bulgaria will also take its rightful place in shaping euro area decisions. Congratulations!
As a result of this assessment, the Commission has also adopted proposals for a Council Decision and a Council Regulation on euro introduction in Bulgaria on 1 January 2026. The Council of the EU will take the final decisions on Bulgaria’s euro adoption, following discussions in the Eurogroup and the European Council, and after the European Parliament and the ECB have delivered their opinions.
Read full Convergence Report 2025 on Bulgaria HERE
European Parliament lawmakers have called for continued dialogue with China and concrete measures to address trade imbalances, improve market access and strengthen transparency, followin...
The Pentagon is investigating whether hackers caused refrigeration systems to fail at shops on US military bases in August, following a similar incident affecting hundreds of supermarket...
Updated 1140
Malta Marks 105 Years of Parliamentary History with Commemorative Plaque: Malta’s Parliament has commemorated 105 years of parliamentary history with the unveiling of a p...
Update 1125
Project Green’s Urban Greening Budget Cut by a Third Amid Years of Underspending: Project Green’s urban greening budget will fall from €30 million in 2026 to €20 million i...
The European Commission has unveiled an ambitious package of tax reforms aimed at simplifying tax rules across the European Union, reducing compliance burdens for businesses and strength...
The European Union's new Migration and Asylum Pact enters into force on 12 June, ushering in the most significant reform of the bloc's migration framework in years and placing renewed em...
GO plc has become an Amazon Web Services (AWS) Direct Connect Partner, making it the only Maltese entity confirmed to hold the designation and giving local businesses a private, resilien...
As pet owners increasingly view their animals as family members, expectations around veterinary care are evolving, placing greater emphasis on preventive healthcare, early diagnosis and ...
What began last year as a blood donation initiative involving six companies is expanding into a broader corporate effort, with three additional companies joining this...
Artificial intelligence is rapidly moving up the boardroom agenda, raising an important question for non-executive directors: are boards equipped to oversee the transformation AI is brin...
GO plc has become an Amazon Web Services (AWS) Direct Connect Partner, making it the only Maltese entity confirmed to hold the designation and giving local businesses a private, resilien...
As pet owners increasingly view their animals as family members, expectations around veterinary care are evolving, placing greater emphasis on preventive healthcare, early diagnosis and ...
Fears of renewed escalation gripped the Middle East on Wednesday after the United States and Iran exchanged their biggest barrage since July, with Washington striking Iran's southern co...
President Donald Trump announced late Saturday that he had called off planned U.S. strikes on Iran, saying renewed negotiations had raised hopes of easing the conflict and reopening ship...
At least 32 people have been killed and more than 700 injured after two powerful earthquakes — measuring 7.2 and 7.5 — struck central Venezuela seconds apart, causing widespread destruct...
Thousands of Cuban security personnel have begun leaving Caracas after nearly two decades in Venezuela, as Washington ramps up efforts to dismantle the long standing alliance between the...
Ukraine said Thursday it struck a Russian oil refinery and damaged six Russian warplanes at an airfield, resuming attacks on Russian energy infrastructure after President Volodymyr Zelen...
Ukrainian drones hit Russia's biggest data centre, owned by the country's largest bank and technology company, Sberbank, but did not disrupt its operations, a senior company executive ...
