Bulgaria adopts the euro

Matteo Falagiarda, Christine Gartner and Steffen Osterloh

Economic Bulletin Boxes, 2026, vol. 8

Abstract: On 1 January 2026 Bulgaria adopted the euro and became the 21st member of the euro area. For the Bulgarian economy this is expected to bring lower transaction and borrowing costs, as well as greater investor confidence. While Bulgaria has made significant progress in achieving convergence towards the euro area, continued reforms will help the country to fully benefit from euro adoption and support a smooth participation within the enlarged euro area. JEL Classification: E42, F33, F45, O47

Keywords: convergence; Economic and Monetary Union; euro adoption (search for similar items in EconPapers)
Date: 2026-01
Note: 2438814
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Persistent link: https://EconPapers.repec.org/RePEc:ecb:ecbbox:2026:0008:1

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