Podcast in English
Text size
Bulgarian National Radio © 2025 All Rights Reserved

Bulgaria could adopt the euro on 1 January 2026, predicts IME

Photo: ЕПА/БГНЕС

On the basis of December inflation data published yesterday by Eurostat, the Institute for Market Economics (IME) forecasts that the country could join the eurozone from 1 January next year.

Compared to December 2024, the average annual inflation in the country is 2.6 per cent, while the lowest in the European Union are: 0.9 per cent in Lithuania, 1 per cent in Finland and 1.1 per cent in Italy. The criterion that Bulgaria has to meet, according to the Maastricht Treaty, is the average of the countries with the lowest inflation plus 1.5 points. This means that Bulgaria's deviation is 0.1 per cent.

"In this sense, as of December 2024, the benchmark has not been met in its pure form," said Petar Ganev of the institute.
There is a parliamentary resolution that obliges Bulgaria to submit a request for an extraordinary assessment within two weeks of formally meeting all the criteria for eurozone membership. The realistic date for joining the single European currency is 1 January 2026, according to the IME.



Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Protest in Sofia demands better access to Vitosha Mountain

A protest demonstration was held today in front of the Council of Ministers in the capital under the banner "Reclaiming access to Vitosha". Mountain lovers expressed their dissatisfaction with the fact that the lifts on Vitosha, at the foot of which..

published on 1/16/25 3:57 PM

Gas supplies from Azerbaijan not yet resumed

Natural gas supplies from Azerbaijan to Bulgaria have not yet resumed . This is reported by BTA citing the Bulgarian state gas company Bulgargaz EAD.  The state supplier said that according to the latest available information, the technical problems..

published on 1/16/25 2:29 PM
Бойко Борисов

New government will not work with Peevski, says GERB leader Boyko Borissov

GERB leader Boyko Borissov predicted a long political life for the Zhelyazkov cabinet. Speaking to journalists at the National Assembly after almost a month of silence, Borissov stressed that the the best-prepared experts from GERB had entered the..

published on 1/16/25 1:55 PM