Bulgaria and Croatia still need to work to fix their economies and improve their institutions before joining the Eurozone, the member of the European Central Bank’s Executive Board Fabio Panetta said on Monday, Reuters reports. The reforms undertaken by both countries will not address all imbalances and vulnerabilities they face. More progress is needed to improve governance, their legal framework and the overall quality of the institutions, Fabio Panetta says further. The two countries recently joined the ERM-2, known as the Eurozone waiting room and will be able to adopt the Euro in 2023 at the earliest.
During the night, the sky will be mostly clear over most of the country. There will be more significant cloudiness over the southern regions and in some places light precipitation is possible. On Friday, it will be mostly..
An organised criminal group trafficking drugs from Spain and the Netherlands to Turkey has been dismantled by the State Agency for National Security (DANS) and the General Directorate for Combating Organised Crime (GDBOP). The leader of the group and..
Last week, Greece, Spain, Bulgaria, Montenegro and Albania activated the EU Civil Protection Mechanism to help them deal with forest fires, many of which are occurring simultaneously across Europe, the European Commission announced...
German fighter jets escorted a Ryanair Boeing 737 from Sofia to London on 11 August after a false emergency call claimed there was a Palestinian..
European Central Bank President Christine Lagarde has welcomed the design of Bulgaria’s €1 coin in a Facebook post, the state news agency BTA reported...
On Thursday , the lowest temperatures will be between 16 and 21°C; in Sofia – about 18°C. During the day it will be sunny over most of..
Partly Cloudy
Clear