Stanislav Popdonchev

Bulgaria could potentially adopt the euro on July 1, 2025, if all the necessary steps are taken within the required timeframe.

Bulgaria's long-anticipated entry into the Eurozone may face a delay, as the country is unlikely to meet the inflation criterion required for the introduction of the euro on January 1, 2025. Dimitar Radev, the Governor of the Bulgarian National Bank (BNB), disclosed to BTA that a more plausible scenario for Bulgaria's integration into the Eurozone would be later in 2025.

Is it possible to introduce the euro in parallel to the lev? According to Bulgarian businesses, the best option is the fastest adoption of the European currency, rather than its prolonged parallel use.