The Black Sea country on the European Union's southeast frontier will become the 21st country to join the euro currency zone after it met the formal entry criteria this year, including for inflation, budget deficit, long-term borrowing costs and exchange-rate stability.
Breakdown
- Bulgaria to adopt the euro on January 1, replacing the Lev currency
- Bulgaria becomes 21st eurozone member, joining over 350 million euro users 13s
- Businesses support the change, citing smoother transactions and EU funding 38s
- Public opinion is divided, with fears of price rises and distrust in politics 52s
- Analysts warn weak promotion and political instability may hinder the transition 1m 46s