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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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Pakistan Signals Near-Completion of US-Iran Peace Deal as Negotiations Intensify
Pakistan’s Prime Minister Shehbaz Sharif said on Saturday that a proposed peace agreement between the United States and Iran was closer than ever to being finalised, with expectations that it could be completed within 24 hours. His remarks came amid heightened diplomatic activity involving multiple regional and international actors working to bridge long-standing differences between Washington and Tehran.
Iranian state media reported on Sunday that Tehran had not yet reached a final decision on the draft agreement aimed at ending tensions between the two countries. The uncertainty followed a series of statements suggesting that progress had accelerated significantly in recent days.
US President Donald Trump also indicated on Saturday that a deal was within reach, echoing optimism from mediators involved in the process, including Pakistan. In a post on his Truth Social account, Trump stated that the agreement was scheduled for signing the following day. He added that once completed, the Strait of Hormuz would be opened for unrestricted passage.
“Hopefully, this process will all work out quickly, easily, and smoothly. If it doesn’t, we have the ultimate alternative, hopefully never to be used again,” Trump said, while also emphasizing that the arrangement would prevent nuclear escalation.
Prime Minister Shehbaz Sharif, speaking earlier on Saturday, described the situation as being at its closest point to resolution. He said Pakistan was preparing for an electronic signing ceremony once final agreement was reached. According to his statement on X, technical-level discussions would continue in the days following the signing to ensure implementation of the deal’s provisions.
Diplomatic engagement continued on Sunday when a Qatari delegation arrived in Tehran. According to Iran’s Tasnim news agency, the delegation’s purpose was to review the latest developments related to the ongoing diplomatic process and maintain momentum in negotiations.
Central to the proposed agreement is Iran’s commitment to fully reopen the Strait of Hormuz, a critical maritime passage for global oil and gas shipments. Another key condition involves curbing Tehran’s nuclear program, which has been a longstanding point of contention in its relations with Western powers.
While optimism has grown among mediators, Iranian authorities have not confirmed final approval, leaving the outcome uncertain. Negotiations are expected to continue as involved parties attempt to resolve outstanding issues and move toward formal agreement.
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