Bulgaria and the Euro: What Happens to National Monetary Sovereignty?
One of the most debated topics around Bulgaria’s upcoming transition from the lev to the euro is whether the country is giving up its sovereignty
European Parliament members Ilhan Kyuchyuk representing Bulgaria and Vlad Botos representing Romania led a protest at Vienna's Ministry of Interior on Monday, denouncing Austria's stance against Bulgaria's and Romania's Schengen area admission. Austrian MP Helmut Brandstatter joined the demonstration.
Kyuchyuk voiced strong opposition, highlighting that both Bulgaria and Romania have met membership criteria since 2011 but are victims of Austria's internal politics, citing their effective protection of the EU's external border as crucial.
The MEP stressed the necessity of public discussion, stating that amplifying the debate until December's end improves the chances of success for entry into the Schengen area. He emphasized the need for unified efforts among the executive, legislative bodies, and MEPs to achieve Schengen accession.
This marks the second joint effort by Bulgarian and Romanian MEPs after their earlier press conference at the Ruse-Giurgiu border crossing. Their continued collaboration underscores the shared commitment to advocating for Schengen entry.
At a meeting in Luxembourg on June 19, the finance ministers of EU member states unanimously endorsed the Eurogroup’s recommendation for Bulgaria to adopt the euro starting January 1, 2026
As hostilities between Israel and Iran stretch into their second week, European powers are intensifying diplomatic efforts to prevent a broader regional war
The Eurogroup has given its full support for Bulgaria to join the eurozone
The convergence reports on Bulgaria, issued by the European Commission and the European Central Bank, are expected to receive broad support from all Eurozone countries
The TurkStream gas pipeline, which transits through Bulgaria on its way to the Western Balkans and Central Europ
European Central Bank President Christine Lagarde has called on Europe to take advantage of a unique moment to elevate the euro’s status on the global stage
Borderless Bulgaria: How Schengen Benefits Are Transforming Trade and Logistics
Bulgaria's Mortality Rate Remains Highest in Europe