RE: Bulgaria to join the Euro zone next year replacing the National Lev (Leo currency), without a referendum, good or bad for Bulgaria?
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As I read this, what was ringing in my mind was Nigeria's story. This is similar to Nigeria story, especially where you stated:
"Democracy has rather negative connotations in Bulgaria. Hardly anyone in the Balkans believes in true democracy anymore. Corruption, crises, and poverty have led to a large wave of emigration, which is also putting the country under severe economic pressure."
If you replace "leva" with "naira" (Nigerian currency), and replace "euro" with "dollar", you've said the Nigeria's story almost in full.
The economic problems in the world is Hydra-headed, and it requires not just knowledge but, wisdom, and even luck to navigate through to safety.
It's safer to simply wish Bulgaria good luck in their endeavour to find their feet in the murky economic water. There's no particular textbook theory that one can state that would solve this economic quagmire with a positive certainty.