Bulgaria ’s switch to the euro on January 1, 2026, was meant to be a technical procedure: a fixed exchange rate, dual pricing, monitoring, and clear sanctions. Instead, it quickly turned into a stress test for state institutions, highlighting weaknesses in enforcement and control, according to lawyer Martin Kostov of the law firm “Imash Pravo.” The situation is not unique globally. When Germany adopted the euro in 2002, the term “Teuro” emerged, reflecting public sentiment that prices had risen