Bulgarias Euro Adoption Divides Public

RFE
08 Jul 2025, 19:41 GMT+10

Bulgaria is set to become the newest member of the eurozone on January 1, 2026. While European Union officials have approved the move, public opinion across the country remains sharply divided.

On Tuesday, EU finance ministers endorsed Bulgarias plan to adopt the euro, following positive assessments from the European Commission and the European Central Bank. As part of the decision, ministers set the conversion rate at 1.95583 leva to the euro.

Euro Adoption Across Europe

The move has been a long time coming -- Bulgaria joined the EU in 2007. Experts argue that switching to the euro will strengthen the Bulgarian economy and dismiss widespread fears of inflation.

Still, not everyone is convinced. Polls and street interviews show that public sentiment remains split. A recent survey by Alpha Research found that 46.5 percent of Bulgarians support adopting the euro, while 46.8 percent oppose it.

Bulgarians express concern over rising prices and fear the country could lose part of its national identity. These fears have been amplified by anti-European and pro-Russian narrativessimilar to those seen in the Baltic states prior to their own eurozone accessions.

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Yorkshire Observer.

More Information

null in null

World

Section

US debt limit raised, but spending bill fuels fiscal concerns

NEW YORK CITY, New York: With just weeks to spare before a potential government default, U.S. lawmakers passed a sweeping tax and spending...

Trump promises Zelensky ten missiles Axios

The US president reportedly pledged to send the Patriot interceptors after the Pentagon halted munition shipments to Ukraine US President...

Pakistan urges UN action over Afghan-based terror threats to key infrastructure

New York [US], July 8 (ANI): Pakistan has informed the United Nations that it possesses credible evidence of growing collaboration...

Pakistan: Afghan refugees urge for resumption of US Refugees Admission Programme

Islamabad [Pakistan], July 8 (ANI): Afghan refugees in Pakistan have urged the US to resume the USRAP resettlement programme, noting...

Europe's biggest seaport preparing for potential conflict with Russia - FT

The harbor in Rotterdam will host regular military drills and would have a dedicated quay for NATO supply ships, the newspaper has...

G20 chair calls for urgent global action on Africas debt crisis

Poor nations are paying more on interest to creditors than they invest in their people, the South African president has said South...

UK Sports

Section

Virat backs Djokovic to secure eighth Wimbledon title, reveals bond with Serbian tennis icon

London [UK], July 8 (ANI): Legendary Indian batter Virat Kohli backed 24-time Grand Slam champion and 100-time ATP Tour-level titlist...

Fluminense stand between Chelsea and another major final

(Photo credit: Nathan Ray Seebeck-Imagn Images) Chelsea will try to reach a second major final in three months when they face Fluminense...

Dynamo extend M Jack McGlynn through 2028

(Photo credit: Troy Taormina-Imagn Images) The Houston Dynamo extended midfielder Jack McGlynn's contract through 2028 with a club...

Video from MS Dhoni's low-key 44th birthday celebrations goes viral

Ranchi (Jharkhand) [India], July 7 (ANI): As expected, legendary cricketer Mahendra Singh Dhoni celebrated his 44th birthday in a low-key...

"The spark we saw, I felt this boy is something special...": Former India selector Kiran More recalls first impressions of Dhoni on his 44th birthday

Mumbai (Maharashtra) [India], July 7 (ANI): As MS Dhoni turned 44 on Monday, tributes poured in from all corners of the cricketing...

Deepak Chahar extends birthday wishes to former compatriot MS Dhoni, urges him to "keep playing"

New Delhi [India], July 7 (ANI): India pacer Deepak Chahar extended birthday wishes to his former Chennai Super Kings teammate and...