January 1, 2025, is announced to be Bulgaria’s new target date for entry into the Eurozone, which also means that that will probably be the date for adopting the euro as an official currency in Bulgaria. That was announced in the project published on the government website strategy.bg, but importantly, there is no official law or confirmation yet. The Law on the Adoption of the Euro in Bulgaria has still not been published for public debate, and because of that fact, the fiscally relevant data are still not known.
Will Bulgaria introduce the euro in January 2025?
Public
Bulgaria
Author: Kristina Dosen
Category:
Fiscal subject related
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3557
Content accuracy validation date:
02.10.2023
Content accuracy validation time:
08:25h
Bulgaria missed the previous target date for the introduction of the euro in the country, January 1, 2024, after the caretaker government did not submit a report on the fulfillment of the criteria for membership in the Eurozone in February, all in accordance with the previous news that we’ve published in relation to the euro subject. Also, the current parliament is currently working on key laws that must be ready before the introduction of the euro. During the week, the European Central Bank also gave a positive assessment of the new BNB law with technical recommendations that will be discussed with the Ministry of Finance before the final texts are proposed for a vote by the government and then by the deputies. The law should enter into force the moment Bulgaria becomes a member state of the Eurozone, but we need to wait for the official regulations, dates, and deadlines.
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