Bulgaria will become the 21st member of the eurozone – or Schengen monetary area – on Thursday, despite deep scepticism from some in the country amid fears of inflation.
The Southeast European country has been a member of the European Union since 2007, but formally met the eurozone’s entry criteria only in January 2025, paving the way for its currency ascension after a long delay.
The move will increase the number of Europeans using the euro to 356 million people, and geographically extend the single currency into the Black Sea area for the first time, despite ongoing geopolitical tensions.
However, there is concern among some Bulgarians that adopting the euro could bring on an economic crisis in a country considered the poorest in the EU.
Al Jazeera’s Step Vaessen reports from Sofia.
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Дата на публикация: 5 януари, 2026
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