At a meeting on June 26, the European Council gave categorical support to the European Commission's proposal for Bulgaria to become part of the Eurozone at the beginning of 2026. The official conclusions confirm that the country has met all convergence criteria specified in the Union's treaties.
The key EU institutions consistently supported the Bulgarian candidacy. The European Commission and the European Central Bank published reports on June 4, which definitively established Bulgaria's readiness to enter the Eurozone. The informal group of finance ministers - the Eurogroup - recommended the country's official admission on June 19.
The Economic and Financial Affairs Council (Ecofin), composed of finance and economy ministers from all member states, confirmed the next step towards admission on June 20. Additional support also came from the European Parliament, whose Committee on Economic Affairs approved the recommendation by majority on June 24.
Bulgarian Prime Minister Rosen Zhelyazkov told journalists before the European Council meeting that the country has full support from European leaders to enter the Eurozone. He emphasized the importance of this historic moment for Bulgaria's economic development.
Upcoming official procedures include a vote in the European Parliament on July 8, after which Ecofin will make a final decision on Bulgaria's admission to the Eurozone from the beginning of 2026. This process marks an important stage in the country's economic integration into European financial structures.
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