European Central Bank President Christine Lagarde and Bulgarian National Bank Governor Dimitar Radev reveal euro banknotes that would be used in Bulgaria from Thursday in Sofia on Nov. 4. The latest survey by the EU’s polling agency Eurobarometer suggested 49 percent of Bulgarians were against the single currency. After hyperinflation in the 1990s, Bulgaria pegged its currency to the German mark and then to the euro, making the country dependent on the European Central Bank (ECB). An EU member since 2007, Bulgaria joined the so-called “waiting room” to the single currency in 2020, at the same time as Croatia. However, analysts fear wider political uncertainty risks delaying much needed anti-corruption reforms, which could have a knock-on effect on the wider economy.

Source: Taipei Times December 28, 2025 17:33 UTC