Current Affairs - International - Discussion

Bulgaria will officially join the eurozone on January 1, 2026, becoming the 21st member to adopt the euro as its official currency. The European Union finance ministers gave final approval for this move on July 8, 2025. Bulgaria will replace its national currency, the lev, at a fixed rate of 1.95583 lev per euro. The adoption of the euro is expected to improve economic stability, enhance integration with Western Europe, and shield the country from external influences. Despite internal political challenges and public concerns, the Bulgarian government views this as a landmark moment in the nation’s economic development.