Core Viewpoint - The European Union has approved the final legal measures for Bulgaria to adopt the euro, marking its entry as the 21st member of the Eurozone starting January 1, 2026 [1] Group 1 - The announcement was made by the EU Council on July 8, confirming the approval of three legal bills necessary for Bulgaria's euro adoption [1] - One of the legal bills establishes the exchange rate between the euro and the Bulgarian lev at 1.96 levs per euro [1]

Group 1 - Bulgaria has been officially approved to join the Eurozone, becoming the 21st member, effective January 1, 2026, marking a historic step for the country [1] - The European Commission confirmed that Bulgaria meets the strict criteria for Eurozone membership, and the European Central Bank praised Bulgaria's efforts [1] - Joining the Eurozone is expected to enhance trade relations between Bulgaria and other EU countries and provide Bulgaria a seat on the European Central Bank's governing council [1] Group 2 - There is significant public skepticism in Bulgaria regarding the adoption of the Euro, with nearly half of respondents in a recent poll opposing the move due to concerns over potential negative economic impacts [2] - Prior to the official adoption of the Euro, Bulgaria must receive approval from EU finance ministers, who are expected to discuss this in their July meeting [2]