Bulgaria's Transition to the Euro: The Expected Price Shock Didn't Come, The Real Problem Is Different

Bulgaria officially joined the euro area on 1 Ocak 2026, leaving behind the lev currency.

Avrupa Merkez Bankası President Christine Lagarde welcomed the country to the 'euro family'. In the first six months of the transition, the massive price hikes many feared did not materialize. Bulgaristan…