UPDATE: Galaxy Y will sell for 229 euros.

The last two phones made official in today’s announcement are Galaxy Y and Galaxy Y Pro. Both are targeted at youth for their affordable prices. Galaxy Y runs on Android 2.3 OS and features mid-range specs like 832MHz processor, 3-inch QVGA (320×240) TFT display, 2MP camera, Bluetooth 3.0, Wi-Fi 802.11b/g/n, 7.2Mbps HSDPA and 1200mAh battery. The phone like other Galaxy smartphones feature support for Hubs, TouchWiz UI and Swype text input.

Intrinsic specs of Galaxy Y Pro are unknown at the moment but it is said to sport a touchscreen display, a QWERTY keyboard, Social Hub Premium, Wi-Fi with Wi-Fi Direct support, Bluetooth and more. Galaxy Y Pro will feature the same 832MHz CPU with 2.6-inch QVGA (320×240) LCD, 3MP camera, Bluetooth 3.0, GPS, microSD card slot and 1200mAh battery.

Both the phones will be showcased at the IFA 2011 expo next week.