Bulgaria's Path to Adopting the Euro: Can It Join the Eurozone by July 2025?

Bulgaria could potentially adopt the euro on July 1, 2025, if all the necessary steps are taken within the required timeframe. According to an analysis by Stanislav Popdonchev, Deputy Chairman and Chief Financial Officer of the Bulgarian Chamber of Commerce, Bulgaria has time to meet the conditions for euro adoption by mid-2024, allowing for a decision by the Council on the country’s entry into the eurozone. If the Council approves, Bulgaria could introduce the euro as its official currency approximately six months later.

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