Euro in Poland. Minister of Finance Andrzej Domański comments

– Poland is currently not working on by joining the euro area – said the head of the Polish Ministry of Finance, when asked about the prospects of introducing a common currency in the country.

Domański presided over the meeting of his counterparts on Friday in Luxembourg, during which EU finance ministers agreed to start Bulgaria to the euro area on January 1, 2026.

The Polish minister also said: – In my opinion, this condition is optimal. Poland does not meet the convergence criteria at the moment, so this discussion is really a substitute discussion.

He explained that “Poland's macroeconomic situation is different than (…) Bulgaria.”

– We have one of the highest economic growth temperature in the European Union, the lowest unemployment, growing investments – he pointed out.

European Commission She announced on June 4 that Bulgaria met the so -called convergence criteria and may join the euro area on January 1, 2026. It will then be the 21st Member State of the European Union, in which the common currency applies.

The decision of the finance ministers of the Member States paves the way for the finalization of legal acts enabling Bulgaria to introduce the euro at the latest in January 2026.

However, the issue of Bulgaria's entry into the euro area will be discussed by the leaders of the Member States at the summit next week in Brussels.

The finalization of the legal process of introducing Bulgaria into the euro area will end with the adoption of three legal acts by member states; They are to be adopted in July. This will allow Bulgaria to introduce the euro into circulation on January 1, 2026.

EU member states that remain outside the euro area, next to Poland and (until the end of the year) Bulgaria: Sweden, The czech republic, Hungary, Romania and Denmark.

Convergence criteria are: – price stability (low inflation), – stable public finances (budget deficit below 3 percent GDP and public debt below 60 percent GDP), – stability of the currency exchange rate (participation in the so -called ERM II mechanism, the so -called eurozone waiting room, for at least two years without serious exchange rate disorders), – long -term convergence interest rates (Average nominal long -term interest rate can be higher with a maximum of 2 percent percentage points in three EU countries with the lowest inflation).

On July 10, 2020, Bulgaria joined the ERM II mechanism, which is called the “eurozone waiting room”. Since then, the Bulgarian left course has been associated with the euro.