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Thousands Protest in Bulgaria Against Euro Adoption, Demand Referendum on Currency Change
Thousands of Bulgarians rallied across the country on Saturday to protest the government’s plans to adopt the euro and replace the national currency, the Bulgarian lev. Demonstrators called for a national referendum on the issue, warning that eurozone membership could lead to higher prices and the loss of economic sovereignty.
The protests, organized by the ultranationalist Revival Party and several non-governmental organizations, took place in the capital Sofia and multiple other cities. Demonstrations began around midday and drew large crowds voicing opposition to the government’s euro adoption agenda.
“Bulgaria must preserve its currency and its freedom,” said Revival Party leader Kostadin Kostadinov during the Sofia protest. “We do not want the Bulgarian lev to be destroyed. The people want a referendum, and the government must respect that will.”
The protests come amid renewed efforts by Bulgaria’s newly formed government to prioritize eurozone membership. The administration, which took office last month, has named entry into the euro area as a central goal of its economic policy.
Opposition groups argue that the government is moving too quickly and without sufficient public consultation. Many fear that joining the eurozone will lead to inflation, rising costs of living, and diminished control over national monetary policy.
Bulgarian President Rumen Radev recently submitted a formal request to the National Assembly to hold a referendum on the issue. Though the proposal has yet to be debated, it reflects growing pressure from both citizens and opposition parties for a direct vote on the country’s euro ambitions.
In 2024, the European Central Bank ruled that Bulgaria did not yet meet the necessary convergence criteria to join the eurozone, primarily due to its high inflation rate. Nonetheless, the government continues to press forward with preparatory steps.
Bulgaria is one of seven European Union member states that have not adopted the euro. Alongside the Czech Republic, Denmark, Hungary, Poland, Romania, and Sweden, it remains outside the currency union. All except Denmark — which has a formal opt-out — are obligated to join once they fulfill the economic and legal requirements.
As political tensions rise and public opinion remains divided, the future of Bulgaria’s currency hangs in the balance — with growing calls for the people to have the final say.
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Britain and Norway Step Up Naval Patrols to Protect Undersea Infrastructure from Russia
Britain and Norway have launched new joint naval patrols aimed at protecting undersea cables from Russia, with a combined fleet of at least 13 warships safeguarding critical infrastructure in the North Atlantic, officials said. The announcement follows discussions in December between UK Prime Minister Keir Starmer and Norwegian Prime Minister Jonas Gahr Støre on defense cooperation.
British Defence Secretary John Healey said on Thursday that the operation was designed to deter Russian submarines suspected of “malign activity” near undersea infrastructure north of the UK. A frigate, aircraft, and hundreds of personnel monitored a Russian attack submarine and two spy vessels during an operation lasting more than a month. Healey said the Russian ships eventually left the area.
His message to Moscow was clear: “We see your activity over our cables and our pipelines, and you should know that any attempt to damage them will not be tolerated and will have serious consequences.” Healey emphasized that while global attention is focused on conflicts in the Middle East, Russia remains the main threat to the UK and its allies.
British officials have highlighted the overlap between Russia’s support for Iran and its ongoing war in Ukraine. Tehran has provided Moscow with Shahed drones, which are now also manufactured in Russia under the designation Geran. Healey said, “Putin would want us to be distracted by the Middle East. We will not take our eyes off Putin.”
The UK has also prepared to seize ships suspected of being part of Russia’s “shadow fleet,” a flotilla of old oil tankers of unclear ownership designed to bypass international sanctions imposed over Moscow’s 2022 invasion of Ukraine. Previously, the UK only assisted France and the US in monitoring such vessels. Healey said, “We are ready to take action” against these ships.
Norwegian Defence Minister Tore O. Sandvik, who signed the joint naval agreement with Healey, said the patrols allow both countries to “defend themselves together.” The deployment builds on a £10 billion (€11 billion) deal for Norway to purchase at least five British-made frigates, which, together with eight British ships, will operate along NATO’s northern flank.
Russian naval activity near UK waters has reportedly risen by 30 percent over the past two years. NATO officials have also warned that attacks on undersea cables are among the “most active threats” to Western infrastructure. Acting Assistant Secretary General for Innovation, Hybrid, and Cyber, James Appathurai, said recent incidents in the Baltic Sea and elsewhere reflect Russia’s long-term undersea program, which includes research ships, submarines, unmanned vehicles, divers, and explosives targeting communications and energy pipelines.
The new UK-Norway patrols signal a heightened focus on securing vital maritime infrastructure amid rising geopolitical tensions and increasing Russian naval operations in European waters.
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