Bulgaria adopted the euro on Thursday, becoming the latest country to join the eurozone, DW reported.
The Balkan country, an EU member since 2007, entered the single currency area after Croatia’s accession in January 2023. The move brings the number of people using the euro to over 350 million across Europe.
European Central Bank President Christine Lagarde welcomed Bulgaria’s entry and described the euro as a symbol of European unity and collective strength amid global uncertainty.
The decision has divided public opinion in Bulgaria. President Rumen Radev called the euro adoption the final step in EU integration, but criticized the absence of a referendum.
Radev said the issue exposed a growing gap between political leaders and citizens, pointing to protests across the country. A recent Eurobarometer survey showed that 49% of Bulgarians opposed the switch.
Businesses and banks have reported short-term challenges since the changeover, including difficulty obtaining euro banknotes and warnings of possible card payment and ATM disruptions. Bulgaria adopted the euro at a fixed rate of 1.95583 levs per euro.
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