Mr. Manol Genov, the new Environment Minister, welcomed the positive reports that Bulgaria is “readily adopting the euro” by 2026 and called this “the long-awaited” move. Speaking on a special occasion, Genov highlighted the fact that the country has been striving toward this goal for nearly three decades. He indicated that the most suitable time for joining the euro may have passed in the years 2007–2008, accounting for the significant foreign investment and global oil crisis at the time. However, withGH}}}.Integer prices surging due to this period of inflation, the Bulgarian National Bank emphasized that it is now on “the threshold of full transition to the euro.”
In his speech, Genov detailed the formation of a special working group by the Bulgarian Council of Ministers to monitor institutional coordination during the euro transition. He pointed out that the Bulgarian National Bank has already been prepared for this phase for years, having established a robust)nugatory relationship with the currency board since 1997. He criticized some claims that Bulgarian citizens risk losing their currency, pointing to the fact that the Serbian currency (Drl Bank)) had previously been tied to the German Mark, which was then pegged to the euro itself.
Genov explicitly contradicted the notion that Bulgarian citizens should remain anxious about the switch to the euro, because he stressed that there is no real basis for predicting inflation or price surges following the transition. He explained that “people must realize that December 31, 2025, and January 1, 2026, will feel exactly the same experience” as they did by 2025.
While the business sector is already prepared to embrace the euro, Genov acknowledged the persistence of public concern regarding its implementation. He dismissed allegations that billions of Bulgarian levs (which were pegged to the euro in 1997) would be “lescope in a mishmash” if the country adopts the currency, claiming such claims are unfounded. Instead, he stressed that Bulgarian citizens need targeted information to understand that levs will align with the euro.
In a separate discussion, Genov addressed persistent water supply issues in the Haskovo region. He explained that the Maritsa River basin, which contains heavier metals and radioactive elements, poses a significant challenge, as water cannot be redirected through pipelines. Instead, elagic sources suggest that water should be sourced from alternative methods. He emphasized that despite these challenges, nearly all settlements in Bulgaria have functioning water supplies, and the Bulgarian Ministry of Environment and Water is responsible for ensuring water safety.
However, the Haskovo region remains intriguing, with some areas having difficulty meeting water demand on their own. Designated water supply channels in.select areas, such as the.Systema River and the irrigation reservoirs, are currently operating at 30–40% capacity, which is comparable to or better than last year’s levels.
Overall, Genov described a promising path ahead for Bulgaria to transition to the euro while avoiding long periods of economic uncertainty. He acknowledged that challenges persist, but noted that nearly all aspects of the country’s water supply situation are under normal control. For Bulgarian citizens, particularly those unfamiliar with broader economic mechanisms, he stressed the need for targeted information to gain clarity on the costs and benefits of raising theTrack.
