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Euro zone finance ministers recommend Bulgaria adopt euro in 2026

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Euro zone finance ministers recommended on Thursday that Bulgaria become the 21st member of the euro zone starting January 1, 2026, backing earlier positive assessments of the country's readiness from the European Commission and the European Central Bank.
Euro zone finance ministers have recommended that Bulgaria adopt the euro as its currency in 2026, following a positive assessment of the country's readiness by the European Commission and the European Central Bank. Bulgaria, which has been a member of the European Union since 2007, has been working towards meeting the necessary criteria for euro adoption, including maintaining stable public finances and low inflation. The recommendation now awaits approval from EU leaders, and if accepted, Bulgaria will become the 21st member of the euro area. This move is seen as a significant step towards further economic integration within the EU and is expected to bring benefits such as lower borrowing costs and increased trade for Bulgaria.

Read the Full Reuters Article at:
[ https://www.msn.com/en-us/money/markets/euro-zone-finance-ministers-recommend-bulgaria-adopt-euro-in-2026/ar-AA1H347Z ]