site.btaEurogroup Confirms Euro-Lev Exchange Rate for Bulgaria's Eurozone Entry, Final Decision Is Expected Tuesday

"Last month I announced good news on the green light for euro adoption by Bulgaria and today we continued with the progress and process confirming the conversion rate from the lev to the euro that will be fixed definitively in ECOFIN tomorrow," said Paschal Donohoe, President of the Eurogroup. He was speaking at a news conference following a meeting of the Finance Ministers of the eurozone in Brussels.  

The international role of the euro is also a reflection of the strength of the euro area economy and the euro area is still expanding, he added.  

On Tuesday, ECOFIN is scheduled to vote in the afternoon the three final decisions related to the introduction of the euro in Bulgaria as of January 1, 2026. Prior to that, the European Parliament in Strasbourg will also say its word by voting a report with a recommendation for Bulgaria's admission to the eurozone at the beginning of next year.