How Bulgaria Is Closing In on Joining the Euro Area
Bulgaria looks to be on track to win the European Union' s approval to adopt the euro in January 2026. The bloc's poorest member has being laying the groundwork for years to join the single currency, with successive governments claiming this will help close the wealth gap with other EU states.
As Europe seeks to demonstrate unity at a time of geopolitical turbulence, Bulgaria may have a narrow window of opportunity to secure a green light from the EU. The Black Sea nation would be the second country after Croatia to adopt the euro in the past decade and one of only a handful to do so since the start of the debt turmoil that nearly caused the currency zone to implode.
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