Convergence report : June 2025

This Convergence Report has been prepared following a request for a country examination submitted by Bulgaria on 25 February 2025. In producing this report, the ECB fulfils its requirement under Article 140 of the Treaty on the Functioning of the European Union to report to the Council of the European Union (EU Council) at the request of an EU Member State with a derogation "on the progress made by the Member States with a derogation in fulfilling their obligations regarding the achievement of economic and monetary union". The same mandate has been given to the European Commission, which has also prepared a report, and both reports are being submitted to the EU Council in parallel. This report covers only Bulgaria: the other Member States with a derogation, i.e. the Czech Republic, Hungary, Poland, Romania and Sweden, will be examined in the next regular Convergence Report in 2026. Denmark, which has a special status, will not be covered in the 2026 report, unless it so requests.