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
A challenge persists in admitting Bulgaria and Romania to the Schengen area via land routes, with sources from the Belgian presidency of the Council of the EU indicating resistance from a small group of countries, as reported by BNR. The topic is slated for discussion on June 13 during a meeting of interior ministers in Luxembourg. While both countries were incorporated into the Schengen zone for air and sea travel on March 31, opposition remains regarding land entry.
Efforts by the Belgian presidency to reconcile differing stances have been hindered by opposing opinions, particularly from Austria, which remains steadfast in its opposition. Despite Belgium's endeavors, a resolution may not be imminent, with discussions expected to continue beyond the current week. The issue is of utmost sensitivity for certain countries, with Austria's forthcoming parliamentary elections adding to the complexity.
The majority of EU member states are supportive of Bulgaria and Romania joining Schengen via land routes, yet unanimous approval is required within the Council. Belgium, concluding its presidency soon, aims to serve as a mediator post-tenure. The pending Schengen Declaration, anticipated to be ratified at the upcoming "Internal Affairs" Council, is intended to ensure the continued efficacy of the Schengen area amid evolving challenges.
The European Commission has confirmed that Bulgaria meets the inflation criterion necessary for joining the eurozone
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
Borderless Bulgaria: How Schengen Benefits Are Transforming Trade and Logistics
Bulgaria's Mortality Rate Remains Highest in Europe