As it pursued EU membership in the early 2000s, Sofia began debating about its eventual accession to the Eurozone. And, to be truthful, the number of experts and politicians who are at least somewhat hesitant is not small. Moreover, no country has adopted the common currency since 2015, when Lithuania scrapped its currency after its Baltic neighbours. Against the background of Brexit and the pandemic-induced, double-dip recession, it is hard to imagine the stall ending right now. Yet, Bulgaria has a standing commitment to adopt the common European currency affirmed in the 2007 Accession Treaty. Hence, many say that the country remains in the Eurozone’s waiting room without a clear path to get out.

The National Plan for the Introduction of the Euro

But with its National Plan for the Introduction of the Euro (NPIE), Bulgaria is trying to flip the table. According to the document, Bulgarians will go through only…

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