Bulgaria's Eurozone Entry Sparks Nationwide Protests Amid Growing Public Opposition

June 1, 2025
Bulgaria's Eurozone Entry Sparks Nationwide Protests Amid Growing Public Opposition
  • The European Commission is set to approve Bulgaria's entry into the eurozone on June 4, 2025, with a transition date targeted for January 1, 2026.

  • Despite favorable economic indicators, including a low inflation rate of 2.8% and a public debt of 24.1%, Bulgaria faces significant public opposition to adopting the euro.

  • Public sentiment remains largely against the euro, with 51% of Bulgarians opposed to replacing the lev, a slight increase from 49% the previous year.

  • Bulgarian President Roumen Radev, perceived as pro-Russian, has actively campaigned against the euro and proposed a referendum, which was rejected by pro-European parliamentarians.

  • The ruling conservative party, Gerb, led by Prime Minister Rossen Jeliazkov, holds a parliamentary majority but has not supported the referendum initiative, aligning with the Constitutional Court's ruling against a public vote.

  • On May 31, 2025, approximately 270,000 Bulgarians protested in over 100 cities against the euro adoption, highlighting widespread public discontent.

  • The constitutional court's decision to rule out a public consultation has led to unrest, particularly among nationalists who have protested at EU missions in Sofia.

  • Many Bulgarians remain skeptical about the euro, especially those living below the poverty line, with one in five earning less than 320 euros per month.

  • Tensions have escalated due to protests organized by the ultranationalist party Vazrajdané, whose members previously stormed the EU mission in Sofia.

Summary based on 2 sources


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