The report covers the seven non-euro area Member States that are legally committed to adopting the euro: Bulgaria, Czechia, Croatia, Hungary, Poland, Romania and Sweden. Convergence reports have to be issued every two years, independently of potentially ongoing euro-area accessions. Euro area accession is an open and rules-based process. The report is based on the convergence criteria, sometimes referred to as the ‘Maastricht criteria’, which include price stability, sound public finances, exchange rate stability and convergence in long-term interest rates. The compatibility of national legislation with the rules of the Economic and Monetary Union is also examined. The report concludes that: Croatia and Sweden fulfil the price stability criterion; Bulgaria, Czechia, Croatia, Hungary, Poland and Sweden fulfil the criterion on public finances; Bulgaria, Czechia, Croatia, Hungary, Poland and Sweden fulfil the long-term interest rate criterion; and none of the Member States fulfils the exchange rate criterion, as none of them is a member of the Exchange Rate Mechanism (ERM II).