Bulgaria to Join Eurozone on 1 January 2026 Amid Political Turmoil and Russian Disinformation
Bulgaria will adopt the euro on 1 January 2026, becoming the European Union's 21st eurozone member. With a population of about 6.5 million, the country aims to boost its economy and reinforce a pro-Western trajectory through the adoption.
European Commission President Ursula von der Leyen and EU economy commissioner Valdis Dombrovskis highlighted that the euro will increase trade, investment, and the quality of jobs. They emphasized that further European integration strengthens European unity and influence.
A Finance Ministry survey shows that 51% of Bulgarians support joining the euro, while 45% oppose it. The move has been politically contentious; parliamentary clashes occurred in June during the European Commission's approval of Bulgaria's euro entry when the far-right Revival party disrupted proceedings. The political climate has been deeply polarized, marked by a four-year crisis involving seven parliamentary elections and widespread protests against corruption.
The government of Rosen Zhelyazkov resigned last week following mass protests. Inflation concerns are notable during the transition, as the average monthly salary is about £1,100. Rural areas and the elderly are expected to be most vulnerable, although Brussels maintains inflation is not expected to rise significantly.
Until 31 January 2026, Bulgarians can pay in both lev and euro; after that date, only the euro will be accepted.
Investigations have uncovered Russian-linked social media campaigns aimed at undermining support for the euro adoption. Dombrovskis stated that Russia is waging a hybrid war and spreading disinformation to disrupt European processes. The opposition Revival party and its leader Kostadin Kostadinov continue to criticize euro membership, reflecting ongoing political division. Macroeconomist Petar Ganev noted the polarized political climate around this significant change.
