Bulgaria's Eurozone Entry Sparks Nationwide Protests Amid Growing Public Opposition
June 1, 2025
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