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Euro now also currency in Bulgaria

by AI | 02.Jan 2026 | Europe in brief AI

When the clocks rang in 2026, Bulgaria introduced the euro as its currency. Now there are only six of the EU’s member states, among them Sweden, that do not have the euro.

Euro banknotes. Photo: BTA

Stockholm – Bulgaria has introduced the euro as its currency, almost 20 years after the country joined the EU. The transition from the Bulgarian currency lev took place at the turn of the year.

Several of the country’s governments have advocated that the country should join the euro, in the hope that it will stimulate the economy. Bulgaria is the EU’s poorest member state. But there is concern among Bulgarians that the introduction may lead to higher prices and increase political instability in the country.

With Bulgaria’s entry into the euro, only six of the EU’s 27 countries now remain outside the monetary union: Sweden, Poland, Czechia, Hungary, Romania and Denmark.

(2 January)