00:00Some very positive news on Bulgaria.
00:03The Commission has published a convergence report which finds that Bulgaria now meets all the criteria to become the 21st member of the Euro area.
00:14Today's report is a historic moment for Bulgaria, the Euro area and European Union as a whole as well.
00:22It's not a final step but it's important one.
00:24On the basis of this positive report, the Council is now expected to take final decision on Bulgaria's entry into Euro area in the first half of July.
00:36This would pave the way for the adoption of the Euro by Bulgaria at the beginning of 2026.
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