Bulgaria Towards the Eurozone: A Historical Necessity, Says Radev

Bulgaria's accession to the Eurozone is a historical inevitability, a step that reflects the country's deeply rooted European identity. This categorical statement was made by the Governor of the Bulgarian National Bank (BNB), Dimitar Radev, during the high-level conference "Bulgaria on the Threshold of the Eurozone". The event, organized by the Ministry of Finance and the BNB, brought together leading figures at the "Boyana" residence, and the atmosphere encouraged important reflections on the nation's future. This conference is part of a large-scale communication campaign aimed at preparing the public for the introduction of the euro in Bulgaria, scheduled for January 1, 2026.

According to the BNB Governor, joining the Eurozone is not just a technical step, but a process that has both historical and strategic significance, focusing on the key questions of Bulgaria's direction and belonging.

"Both questions have the same answer, and the answer is Europe. Or, more precisely - the heart of Europe", Radev emphasized, whose words echoed in the hall.

He added that Bulgaria, due to its historical heritage and identity, is by definition a European nation and has no other natural direction of development. "Therefore, what we are doing with joining the Eurozone is not political conjecture. This is a historical inevitability", Radev stated categorically.

The BNB Governor emphasized that this process demonstrates Bulgaria's commitment and responsibility to the European project. "I find it remarkable that we are joining right now, when the world and Europe are facing many serious difficulties. We do not want to watch these processes from the sidelines. We want to be an active part in the discussion and in solving these problems", he said, attracting the attention of those present.

Radev added that the Eurozone and the European Union represent a world leader in terms of security and prosperity for its citizens. He pointed out that challenges should be seen as opportunities, and the fact that the euro is the second most important world reserve currency puts Bulgaria's membership in a new, strategic context.

The Governor stressed the need to maintain a sound macroeconomic policy even after joining the Eurozone. He expressed confidence in Bulgaria's ability to cope with the challenges, especially those related to the country's fiscal position, which has been under pressure in recent years.

"The BNB will be a critical and at the same time constructive voice within its European and national mandate. The BNB will remain a source of predictability and stability for households and businesses", Radev assured.

In his words, joining the Eurozone is not a finale, but the beginning of a new path.

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"I hope this is the beginning of the road to economic prosperity and a better life for Bulgarians", Dimitar Radev concluded, ending his speech, leaving in the audience a sense of optimism and determination.