Changing our currency with euro

Putting aside that I dont get your point of view regarding the EU.... but you definitely lack knowledge about the EURO and the Lev.

Fact is that in 2007 your country commited to accept the EURO as currency. So this news is about 10 years old.
Fact also is that your country will get the EURO when it meets the criteria for it. There are 5 conditions that need to be met... one of them is an economy strong enough. If the economical problems in your country are as problematic as you describe it then you wont get the EURO.

However, since 1999 the Lev is directly bound to the EUROs worth and before that it was bound to the german DM.
Your believe that your current currency is independent atm is an illusion.
Btw. you would have exactly the same exchange rate as Germany in 2002 (-> 1:195583) for the simple fact that the Lev was directly bound to the DM since 1990.

Your country meets 3 of the 5 criteria to get the EURO.
It will take multiple years to get the remaining criteria done.

For the fact that your Lev already is bound to the EURO there is very little change to expect if you get the EURO one day.
Your country has a stable economy with a relative good Debt-to-GDP ratio.
The switch to EURO would mostly have positive effects. Especially the free and open trade could be beneficial for your country.
Whatever negative effects you might expect are .... dunno how to express it... the Lev is bound to the EURO/DM for decades already, all negative effects already would have happened by now.
I suggest you see it as chance to finally take benefit of the situation.

Hello Night-Hunter,
I am from Russia and if I can help you somehow just let me know.

One more thing: do NOT let politics & news influence your mind. Your actions should only be based on REAL objective reasons which are affecting you directly.
Many people go crazy on political and ecomonic troubles while others simply don't know about them and live much less nervous life.

Hope you and Ice-Warrior are doing well

@Portalearth - really?
(post removed due to obvious reasons)

Quote from Night-Hunter

I really appreciate that you take from your time to tell me those things, but just in my eyes i don't see anything good in that, but as i said in my previous post it's just my opinion.

well, if you dont see anything good in it.... what negative stuff do you expect to happen?
Having concerns is nothing bad, but you should at least be able to adress them in order to make good decisions.

If I tell you now that the prices wont change in future it would probabably a lie.
Fact is that the price structures in all european countries did change after 2002. However, the biggest impact on that are energy costs and a shift between essentials and luxury commodities. But that is worldwide effect that has nothing to do with the EURO.

Your fear that everything gets more expensive is understandable.
All I can truely say about it is that the living costs in the various EURO countries are very different. Countries with low income structures also have lower living costs. Countries with high income structures have high costs.
The markets always will find a balance.

The low cost structure in your country in my eyes is a strength as Bulgaria can benefit from exports which brings lots of money into the country. At the same time there is little reason to believe bulgarian market is getting flooded by products from other countries because such imports are not lucrative.

There is nothing wrong to have worries or being critical.
I personally just believe that never in histroy a pessimistic view has lead to an optimistic result.

That the TV made a comparison is nice.
But to compare a few goods is irrelevant. Relevant would be to compare the whole cost structure for the people.
That includes energy costs, costs for rental, costs for essential goods, costs for luxury goods (well, not luxury but costs for e.g. electronics etc.) and additional costs for living.
Only then a true comparision can be made.

I am no politician and I also have no real reason to say "whooo another EURO country would be great" for the simple fact that the EU has more than enough other stuff to take care of.
I just tried to take a look at the economical aspects for your country as that is what your concern is.
I worked multiple years for a german bank and meanwhile have a total of 17 years working in the financial branch. All I can do is share my knowledge and experience.
You have to make your own decision but not matter what, the world keeps spinning tomorrow.

An expression I use regulary is "I can only give an advice, but in the end people have to do their own mistakes".

Shameless Gravedigging:

Personally - I prefer the Euro over my country's former currency due to the simple fact that I do not have to give myself headaches, trying to figure out how much something costs in Lats when the price is given in Euros. Especially since I'm working in Germany.

The Euro coin/economy might break apart, especially thx to some bad influences, before my country bothers changing to euro (Romania) lol
Not like where I live now has any less bad news about it though, (Spain) Shameless corrupt attention seeking terrorists causing problems in another one's house/country now instead.

thats what people have been claiming over the past 15 years (actually even longer) and its still here

Not the euro is doing bad... only specific national economies do due to bad decisions of their politicians.
I really welcome the recent suggestions about the future because that is really introducing another factor of stability to the european economy.

Stabilizing the european economy sounds good indeed, if only all european countries would stop finding ways to screw things up, from the strongest to the weakest.