Bulgaria Poised to Embrace the Euro: European Parliament Gives Green Light
Strasbourg, France – July 8, 2025 – In a significant step towards closer European integration, the European Parliament has overwhelmingly endorsed Bulgaria’s adoption of the euro. The decision, announced today, marks a pivotal moment for the Balkan nation, signifying its readiness to join the eurozone and further strengthen economic ties within the European Union.
The parliamentary vote, held with strong cross-party support, represents the final legislative approval required from the European Parliament for Bulgaria’s euro accession. This endorsement follows a thorough assessment of Bulgaria’s economic and fiscal convergence with the rest of the eurozone, confirming that the country has met the necessary criteria for adopting the single currency.
The adoption of the euro is anticipated to bring a multitude of benefits to Bulgaria. Economically, it is expected to foster greater price stability, reduce transaction costs for businesses and citizens involved in cross-border trade, and enhance investment flows into the country. Furthermore, it will streamline trade and tourism with other eurozone members, making economic activity smoother and more predictable.
Politically, joining the eurozone signifies Bulgaria’s deep commitment to the European project and its full integration into the core of the European Union. This move is seen as a testament to the country’s successful implementation of economic reforms and its dedication to shared European values.
The European Parliament’s positive decision underscores the robust progress Bulgaria has made in aligning its economic policies and legal framework with the requirements of eurozone membership. This includes achieving a high degree of price stability, sound public finances, and a stable exchange rate.
While the official date for Bulgaria’s euro adoption will be formally set by the Council of the European Union, today’s parliamentary endorsement provides a clear and strong signal of approval. The Bulgarian government has been working diligently towards this goal, and this parliamentary backing is a crucial confirmation of their efforts.
The integration into the eurozone is a momentous occasion for Bulgaria, representing a new chapter in its economic development and its relationship with the wider European continent. The European Parliament’s endorsement is a welcome confirmation of Bulgaria’s readiness to take this important step.
Press release – Parliament endorses Bulgaria’s adoption of the euro
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