On June 4, 2025, the European Authorities concluded that Bulgaria is ready to adopt the euro as of 1st January 2026.
This assessment is set out in the 2025 Convergence Report, which finds that Bulgaria fulfils the following 4 conditions:
- Price stability ;
- Sound public finances ensuring a sustainability ;
- Exchange-rate stability demonstrating that a Member State can manage its economy without resorting to excessive currency fluctuations
- Long-term interest rates assessing the durability of the convergence
The Member State’s legislation is also found to be compatible with the requirements of the Treaty and the Statute of the European System of Central Banks and of the European Central Bank (ECB).
