In a historic moment symbolizing national transformation, Bulgaria officially welcomed the euro at midnight, marking its entry into the European monetary union with a mix of jubilation and cautious anticipation.

The Balkan nation, populated by 6.4 million people, bid farewell to the lev—its currency since the late 19th century—amid freezing temperatures and celebratory crowds gathered at Sofia's central bank headquarters. European Central Bank President Christine Lagarde warmly welcomed Bulgaria, describing the moment as a significant milestone in the country's economic journey.

Bulgarian governments have long championed euro adoption, viewing it as a strategic move to strengthen the nation's fragile economy and anchor itself more firmly within Western institutions. Despite being the European Union's poorest member, the country sees this transition as a potential shield against external economic pressures, particularly Russian influence.

However, public sentiment remains divided. Many citizens worry that euro adoption might trigger price increases without corresponding wage growth, potentially exacerbating existing economic challenges. President Rumen Radev acknowledged these concerns, criticizing the lack of a public referendum and highlighting the disconnect between political leadership and citizen sentiment.

At local markets, vendors pragmatically displayed prices in both levs and euros, reflecting the population's measured approach to this significant change. Some residents, like retiree Vlad, expressed optimism: "The whole of Europe has managed with the euro, we'll manage too."

The currency transition arrives against a backdrop of political turbulence, with Bulgaria having experienced eight elections in five years and recent anti-corruption protests that toppled a conservative government. Yet, individual stories of hope emerge—like Dimitar, who confidently withdrew euros from a cash machine and declared, "Great! It works!"

As Bulgaria steps into this new economic era, the nation balances between historical challenges and potential opportunities, embodying resilience in the face of uncertainty.