At midnight on Wednesday, Bulgaria will switch to the euro, becoming the 21st country in the eurozone; however, there are concerns that this could lead to rising prices and increased political instability, LETA reports citing AFP.
At midnight, Bulgarians will say goodbye not only to the year 2025 but also to the lev, which has been in circulation since the end of the 19th century.
Although the government supports the transition to the single currency of the European Union, hoping that it will strengthen the economy, enhance ties with the West, and protect against Russian influence, not everyone is pleased with this step.
Recently, Bulgaria has been swept by anti-corruption protests that led to the fall of the conservative government, and the country will hold elections for the eighth time in the last five years.
Nevertheless, Acting Prime Minister Rosen Zhelyazkov expressed confidence on Tuesday that his government has accomplished important work.
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