Get all your news in one place.
100’s of premium titles.
One app.
Start reading
The Independent UK
The Independent UK
National
Veselin Toshkov and David McHugh

Bulgaria to join eurozone on New Year’s Day

  • Bulgaria is set to become the 21st country to join the euro currency union on New Year's Day, furthering its integration into the European Union.
  • The move occurs amid political instability and public scepticism, with many Bulgarians fearing price rises and increased inflation following the changeover.
  • Opinion polls indicate significant opposition to joining the eurozone, with approximately half of Bulgarians against the single currency due to concerns about corruption and the standard of living.
  • Supporters believe euro adoption will attract investors and strengthen ties with Western Europe, while pro-Russian and nationalist groups exploit public fears and spread disinformation.
  • Analysts suggest that deeper European integration, including the euro, can help combat Russian influence and provide a mechanism to address corruption, though it will not resolve Bulgaria's political fragmentation alone.

IN FULL

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.