Bulgaria is ready for full membership in the eurozone from January 1, 2026. Over 65% of Bulgarian companies are fully or partially ready to adopt the euro as their currency, but a more active information campaign is needed to dispel the concerns and fears of Bulgarian society.
This became clear at a meeting held yesterday between the Association of Bulgarian Employers' Organizations (AOBE) and the leadership of the "BSP-United Left", Deputy Prime Minister and Chairman of the BSP Atanas Zafirov, Ministers Borislav Gutsanov, Ivan Ivanov and Manol Genov, the Chairman of the parliamentary group (PG) of the "BSP-United Left" Dragomir Stoynev and MPs.
During the meeting, the challenges facing the country in entering the eurozone were discussed.
Atanas Zafirov expressed hope that the meeting would contribute to alleviating concerns in society. "The division in Bulgarian society is being fueled by populist forces. We must make real efforts in the coming months to dispel these fears. This includes an adequate information campaign and measures by state institutions. The debate should not be about whether or not Bulgaria should enter the eurozone, but what are the main challenges facing the Bulgarian economy," said the Deputy Prime Minister.
According to the representatives of the AOBE, after Bulgaria enters the eurozone, the Bulgarian economy will have additional incentives for more effective development, including the ability to benefit from positive factors such as an increase in the country's credit rating, additional guarantee mechanisms common to the eurozone, attracting foreign investors, growth in local investments due to cheaper financial resources for businesses and citizens, as well as due to the larger volume of available financial resources, etc. They shared that the eurozone is a zone of a 16-trillion economy, a zone of moderate inflation and price stability, which will enable the Bulgarian economy to grow.
The data of the four nationally representative employers' organizations show that the concerns that people have about the growth of inflation after the introduction of the euro should be correctly addressed with the argument that it is not the currency change that can cause it, but external factors such as uncertainty in global markets, military conflicts, political instability. Against this background, it is precisely membership in the eurozone that can minimize the impact of such unfavorable factors and limit the risks facing the Bulgarian economy.
Representatives of the "BSP-United Left" categorically stated that the concerns of Bulgarians are caused by speculation and populism and will work actively to ensure that the information campaign about the benefits of Bulgaria's accession to the eurozone reaches as many people as possible.
