The Bulgarian government expressed confidence that forthcoming assessments by the European Commission (EC) and the European Central Bank (ECB) will endorse the country’s readiness to adopt the euro, according to Euractiv.
Finance Minister Temenuzhka Petkova highlighted the nation’s progress during a forum hosted by the Bulgarian Stock Exchange, stating that Bulgaria had fulfilled all necessary criteria for eurozone membership.
In February 2025, Petkova and Bulgarian National Bank Governor Dimitar Radev formally requested the EC and ECB to prepare extraordinary convergence reports, a critical step in evaluating Bulgaria’s economic alignment with eurozone requirements.
European Council President António Costa, during a three-day visit to Bulgaria, reinforced optimism about the country’s eurozone prospects. He emphasised that a positive evaluation from EU institutions could pave the way for a formal decision by the European Council in June, followed by ratification in the European Parliament.
Costa’s endorsement aligns with broader EU support for Bulgaria’s integration efforts, despite lingering challenges such as inflation control and legislative reforms. If approved, Bulgaria could become the 21st member of the eurozone, marking a milestone in its economic convergence with the bloc.
