IMF Staff Country Reports

Bulgaria is approaching a major milestone with the adoption of the euro in
January 2026. Euro area accession provides a near-term boost to the outlook and offers
an opportunity to reinforce institutions, bolster policy credibility, and raise medium-term growth. In a challenging environment—a minority government is in place since
January 2025, following the seventh parliamentary election in four years—the 2025
budget has been approved, the EU Recovery and Resilience Plan (RRP) has been
renegotiated, and euro adoption is advancing.