Why Bulgaria joined the Eurozone
Though the Bulgarian lev was already pegged to the euro, the country had much to gain by joining the currency union
Though the Bulgarian lev was already pegged to the euro, the country had much to gain by joining the currency union

Euro adoption vilified by Moscow-leaning politicians and social media campaigns

Tens of thousands protest against fragile coalition’s tax rises, threatening eighth snap election since 2021

Move follows widespread public protests against proposed tax rises

The move is dividing the nation - some welcome it as a bold leap forwards, but others fear it will lead to economic stagnation.

Some in the country are worried about loss of identity following the switch from the Bulgarian lev to the euro.

Bulgaria will begin using the euro as its currency on Thursday, and the country hopes it will bring an economic boost, despite…