The European Commission has approved Bulgaria's inclusion in the eurozone starting January 1, 2026, confirming the country's readiness by meeting the necessary convergence criteria. This decision, made on June 4, 2023, supports Bulgaria's journey toward full EU integration, especially after its recent membership in the Schengen zone. Despite challenges like legislative issues and political instability, this approval is seen as a symbol of European unity, according to Commission President Ursula von der Leyen. The final adoption decision will depend on further evaluations by the European Central Bank and the EU Council based on ongoing discussions.
The euro is a tangible symbol of European strength and unity, said European Commission President Ursula von der Leyen.
While adoption of the euro was a condition for joining the European Union, legislative failures... have made the path difficult for the country.
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