Bulgaria’s move toward adopting the euro is gaining increased backing

Bulgaria Sees Modest Inflation After Euro Introduction

Following Bulgaria's transition to the euro on January 1, Central Bank Governor Dimitar Radev reported that inflation rose only slightly. He noted that public approval for the euro is on the rise, possibly influenced by the ongoing conflict in Iran. Before the currency change, enthusiasm for adopting the euro was relatively subdued. Now serving on the ECB Governing Council, Radev described the inflationary effect as "modest and mostly temporary," estimating an increase of just 0.3 to 0.4 percentage points—comparable to what Croatia experienced. Inflation trends in Bulgaria remain stable.