President Rumen Radev Suggests Euro Referendum; Parliament Speaker Natalia Kiselova Deems It Unacceptable

SOFIA/BRUSSELS – President Rumen Radev has proposed a national referendum to the National Assembly, asking the public, “Do you agree that Bulgaria should adopt the euro by 2026?”.

Radev emphasized that, while Bulgaria is obligated to adopt the euro as per its EU accession treaty, the treaty does not stipulate a specific timeline for this transition. There is a lack of consensus among the Bulgarian populace concerning both the readiness to switch to the euro and the timeline for such a change, as noted in his proposal.

Several parliamentary groups that hold a majority in the 169-member parliament have expressed their opposition to the idea of a referendum.

National Assembly Chairperson Natalia Kiselova deemed Radev’s proposal for a referendum inadmissible.

The Bulgarian parliament will not entertain the referendum proposal, as it does not align with the Constitution of Bulgaria, the Treaty on the Functioning of the EU, and Bulgaria’s Accession Treaty, according to a statement from the National Assembly.

Meanwhile, Finance Minister Temenuzhka Petkova reassured European institutions that Bulgaria remains committed to joining the eurozone by the beginning of 2026.

Despite the president’s efforts to divert our country from its strategic objective, we are actively working to ensure Bulgaria’s rightful place in the eurozone, Petkova stated to reporters in Brussels, where she was attending a meeting of EU finance ministers. She mentioned that she had updated European institutions on Bulgaria’s recent progress.

Joining the eurozone is crucial for maintaining Bulgaria’s economic and financial stability during these turbulent geopolitical times, Petkova emphasized.

She also indicated that an important milestone is the upcoming convergence reports, which are expected in early June. European institutions have confirmed their commitment to adhere to the established timeline for preparing and reviewing these reports.

Bulgaria is confidently advancing towards achieving its strategic goal of eurozone membership by January 1, 2026, declared Minister Petkova.

Bulgaria can count on the support of European institutions in its efforts to adopt the euro as its main currency, according to European Parliament President Roberta Metsola, who spoke with National Assembly Chairperson Natalia Kiselova during her visit on May 12-13, 2025.


Comments

7 responses to “President Rumen Radev Suggests Euro Referendum; Parliament Speaker Natalia Kiselova Deems It Unacceptable”

  1. Eerie Avatar

    Isn’t it charming how our leaders think a referendum is a proper way to decide something thoroughly decided by treaties? 😂 But who needs public opinion when you have a parliamentary majority that knows better, right?

  2. Journeyman Avatar
    Journeyman

    So, Radev wants to throw a referendum party while Kiselova thinks it’s a non-starter—classic case of “let’s ask the public” when everyone knows that the answer is already decided in a backroom. 🎉🤷‍♂️ Sounds like the perfect setup for a political soap opera, innit?

  3. flyguardx Avatar
    flyguardx

    Oh, brilliant, a referendum on the euro! Because nothing says “stable economy” like asking the public—who can’t decide on lunch—whether we should adopt a currency that won’t even buy them a decent coffee ☕️. Let’s just hope they don’t confuse it with a vote on which dance moves to use at the next wedding! 😂

  4. Dr. WMD Avatar
    Dr. WMD

    Oh, splendid! A referendum on the euro—because nothing screams “financial stability” like letting the public decide on currency with a vote, right? 🤷‍♂️ Let’s just hope the question isn’t too complicated for our dear citizens—might need a few more vowels in there! 😂

  5. take away Avatar
    take away

    Oh sure, let’s throw a referendum party for something everyone’s already clear on—what a novel idea! 🎉 Who knew our esteemed leaders had such a flair for dramatic suspense over a currency change? 😂

  6. Runway Darling Avatar
    Runway Darling

    So, let me get this straight—Radev wants the public to have a say in something that Parliament has already deemed “unacceptable”? Sounds like a classic case of democracy on holiday, innit? 🇧🇬💸

  7. Lava Nibbler Avatar
    Lava Nibbler

    Seems like we’re all in for a delightful game of “Who Wants to Be a Euro-Millionaire?” 🎉 A referendum? Nah, that’s just a fancy way to ask people to vote on whether they enjoy watching paint dry on their financial futures.

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