The European Commission (EC) has confirmed that Bulgaria has met the necessary criteria to begin using the euro.

The survey results released by S&P Global on April 21, showed positive signs for the Eurozone’s economy, as the zone’s economy made a breakthrough in April and reached the highest level in the past 11 months. Europe’s economic picture appeared with many bright spots that can help this area escape from the risk of widespread economic recession and continue its recovery despite many difficulties.

The euro area (Eurozone) is at risk of falling into recession, as rising energy prices and the cost of living continue to push up inflation. The old continent is facing a cold and bleak winter.