In a thrilling move, Bulgaria is set to join the eurozone on January 1 next year! The European Commission's 2025 Convergence Report confirms that Bulgaria is free to adopt the euro, making it the 21st EU member state to step into this new economic chapter.
This transition is not just a change in currency – it’s a real game changer for Bulgaria’s economy. With the euro, Bulgaria is expected to see increased trade with euro area partners, more foreign direct investment, better access to finance, and a boost in quality jobs and real incomes. As Ursula von der Leyen, President of the European Commission, said, "Thanks to the euro, Bulgaria's economy will become stronger."
Imagine the excitement of leveling up your favorite video game – that’s the kind of energy driving this move! With fresh growth opportunities on the horizon, Bulgaria is set to energize its business, academic, and cultural scenes while playing a key role in shaping eurozone decisions. 🚀💶
Reference(s):
cgtn.com
