Bulgaria Switches From Leva To Euro

An end date has been named.

The European Commission and the European Central Bank (ECB) have approved Bulgaria's switch from the lion to the euro from January 1, 2026. Thus, Bulgaria will become the 21st EU member state that is part of the eurozone.

This is reported in the report of the European Commission.

To switch to the euro, Bulgaria's economy had to reach certain delineated parameters. Thus, the inflation rate in the country should not exceed the index of the three best EU countries by more than 1.5 points.

In April 2024, the best results were shown by France (0.9%), Cyprus (1.4%) and Denmark (1.5%), which allowed Bulgaria with inflation of 2.8% to meet the outlined limits.

The candidate country should also not exceed a budget deficit of 3% of GDP. Bulgaria's deficit is 3.0% in 2024 and a projected 2.8% in 2025. The country's public debt is 24.1% of GDP in 2024 and an expected 25.1% in 2025, with an allowable maximum of 60%.

In 2024, Bulgaria's parliament passed a transitional law on currency change, with no date given for the completion of the currency change.

You can support the website Charter97.org

MULTI-CURRENCY ACCOUNT FOR ASSISTANCE:

Bank's name: Bank Millennium S.A.
Address: ul. Stanislawa Zaryna, 2A, 02-593, Warszawa
IBAN: PL97116022020000000216711123
SWIFT: BIGBPLPW
Name of the account holder: Fundacja “KARTA ‘97”
Purpose/title of payment: Donation for statuary aims

You can contact us by the e-mail charter97@gmail.com