Euro zone finance ministers recommended on Thursday that Bulgaria become the 21st member of the euro zone starting January 1, 2026, backing earlier positive assessments of the country’s readiness from the European Commission and the European Central Bank.
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The recommendation will now be formally adopted by all 27 EU finance ministers on Friday and then by EU leaders on June 26.
The exchange rate at which the Bulgarian lev will be converted into euro will be set by EU finance ministers at their meeting in early July, giving Bulgaria six months to prepare the technical transition for the start of the year.
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Thank you for this sophisticated analysis. (s, just to be safe.)