On June 4, local time, the European Central Bank officially approved Bulgaria's application to use the euro, making it the 21st member of the eurozone.
The European Commission issued a press release on the same day saying that Bulgaria has met the strict standards of the eurozone and is ready to use the euro from January 1, 2026, which is an important milestone.
After Bulgaria officially uses the euro, this "Eastern European Rose Kingdom" hidden in the Balkan Peninsula will offer huge business opportunities to Chinese companies with the lowest tax rate in the EU and as an emerging manufacturing base.
Chinese companies with warehouses in Bulgaria can save 15% of cross-border fees for goods shipped to Romania and Greece by using internal settlement in euros, truly realizing "one warehouse to sell in Europe".
Latest data released by China's General Administration of Customs on November 7 showed that in the first 10 months of this year, China's goods trade maintained a steady growth trend, with total import and export values increasing by 3.6% year-on-year.
International Copper Prices Rise
China's Import and Export Data
Latest Progress of China-Europe Freight Trains
