European Commission and European Central Bank with positive convergence report
18 years after joining the EU, Bulgaria is ready to adopt the single European currency on 1 January 2026. The European Commission and the European Central Bank (ECB) issued a positive assessment for the country in their extraordinary convergence report on 4 June. According to the report, Bulgaria now fulfils all the criteria for joining the eurozone. This means that the most important condition for the introduction of the euro has been met. The final political decision still has to be taken by the EU Council in the format of the Finance Ministers (ECOFIN) on 8 July. A qualified majority is sufficient for this and no consensus is required.
