Convergence Report
The Convergence Report assesses the progress made by non-euro area EU Member States except Denmark, which has an opt-out, towards fulfilling the criteria necessary to adopt the euro. It is published at least once every two years, or at the request of an EU Member State which would like to join the euro area.
June 2026 Convergence Report
Explore the latest assessment of the economic and legal convergence of non-euro area Member States in detail by reading the full report.
See the full reportFor the media
Non-euro area EU countries have made limited progress towards economic convergence with the euro area since 2024.
Read the press releaseAnalyse the results
Download the latest Convergence Report in PDF format.
June 2026 Convergence ReportWANT TO LEARN MORE?
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European Commission reports
Like the ECB, the European Commission also publishes convergence reports assessing the readiness of EU Member States to adopt the euro.
See the Commission reportsJoining the euro area
All EU Member States, except Denmark, are required to adopt the euro. To do so, they must first meet the convergence criteria that assess their readiness for economic and monetary union. Take a look at our interactive map to find out when different countries adopted the euro.
Take a look at the mapFor our ECB Podcast listeners
Did prices rise when Bulgaria adopted the euro? Or were fears of inflation misplaced? We discussed this in one of our podcast episodes.
Bulgaria adopts the euro
On 1 January 2026 Bulgaria adopted the euro and became the 21st member of the euro area.
Find out more by reading the Economic Bulletin articleEuro adoption in Bulgaria: separating myths from facts
Many Bulgarians feared large price increases when the euro replaced the lev. However, preliminary evidence shows that the changeover in Bulgaria has so far had only a limited impact on consumer prices and on perceptions of inflation.
Read the blog post