Bulgaria adopts euro amid celebration and anxiety over inflation

On January 1, 2026, Bulgaria adopted the euro, becoming the 21st member of the Eurozone nearly two decades after joining the European Union. The move replaces the lev, Bulgaria's national currency since the 19th century. While the European Central Bank welcomed Bulgaria, the adoption has been met with mixed reactions within the country. Successive Bulgarian governments have supported the euro, believing it will strengthen the economy and shield it from Russian influence. However, many Bulgarians fear the change will lead to increased prices and a decline in living standards, despite Bulgaria being the EU's poorest member.