Bulgaria switches to euro, concerns about inflation | Business News

Bulgaria has officially adopted the euro as its currency, becoming the 21st country to do so after joining the EU nearly two decades ago. The move has led to a mix of celebration and anxiety among the population, with some welcoming the change while others fear rising prices and stagnant wages. Successive Bulgarian governments have supported euro adoption to strengthen the economy and align the country with Western institutions, but public opinion remains divided. President Rumen Radev criticized the decision for lacking a public referendum, highlighting the deep divide between the political class and the people. Despite concerns, some Bulgarians believe they will adapt to the new currency like the rest of Europe.

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