European Commission: Bulgaria’s Euro Adoption Was “Smooth and Effective”

The European Commission has concluded that Bulgaria’s adoption of the euro on January 1 was carried out in an orderly manner, describing the process as “smooth and effective” in its latest assessment report. According to the Commission’s findings, both the preparatory phase and the actual transition to the single currency unfolded in line with expectations, without major disruptions. The logistical replacement of the lev with the euro was handled in a coordinated way, supported by an information campaign co-financed by the EU....