Bulgaria Set to Join Eurozone in January Despite Political Turmoil and Russian Disinfo Fears
December 28, 2025
Bulgaria is preparing to adopt the euro on 1 January amid political unrest and fears that Russian-aligned disinformation is increasing mistrust of the new currency. The Balkan nation of 6.5 million people will become the 21st eurozone member. European Commission Chief Ursula von der Leyen said, "thanks to the euro", Bulgaria will gain "more trade, more investment and more quality jobs and real incomes." Economy Commissioner Valdis Dombrovskis called the change "key at a time of Russia’s war with Ukraine" and rising global tensions. However, Bulgarians remain divided. A finance ministry survey found 51% support and 45% opposition to the euro. In June, a fight broke out in parliament when euro entry was approved, with far-right, pro-Russian MPs blocking the podium. Petar Ganev from the Institute of Market Economics said, "The country is divided on almost everything you can imagine" after years of political instability and corruption. The government resigned last week following anti-corruption protests. Despite political turmoil, euro adoption will proceed. Many fear prices will rise during the switch, worrying pensioners and rural communities who face inflation risks amid low average salaries. Pensioner Maya Neshev said, "The uncertainty is evident and I have concerns because I am retired." Young engineer Elena Vasileva added, "It’s like losing your identity" by dropping the lev currency introduced in 1881. Victor Papazov, an economist linked to the anti-EU Revival party, warned Bulgaria could face a Greek-style crisis, stating, "Joining now will make things worse and faster." Revival leader Kostadin Kostadinov falsely claimed Bulgarians would lose savings due to exchange rates. Investigations revealed Russian-linked social media campaigns spreading disinformation to undermine euro support. Valdis Dombrovskis called this "provocation" and named Russian hybrid warfare tactics including disinformation. Still, many remain hopeful. Pharmacist Maria Valentinova said the euro "will be good for Bulgaria’s economy in the long run." Until 31 January, lev and euro payments will be accepted; only euro payments will follow. Economists believe the transition will be smooth. Ganev said, "What will happen to our country... depends entirely on us."
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Tags:
Bulgaria
Euro Adoption
Political Instability
Russia Disinformation
Eurozone
Economic impact
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