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.
Bulgaria is guarding Europe’s borders “extremely well and successfully,” Prime Minister Rosen Zhelyazkov said in Copenhagen ahead of the European Political Community meeting, the government press service reported. He noted that, compared to 2024,..
The Parliamentary Assembly of the Council of Europe (PACE) has decided to end its monitoring of Bulgaria, with 101 votes in favour, 3 against, and 1 abstention. Speaking from the parliamentary rostrum, Stanislav Balabanov of the “There Is Such a..
A market study will soon be launched, followed by a competitive tender for Bulgarian developers to supply various types of drones for the Ministry of Defence. This announcement was made by Tomislav Donchev, the Deputy Prime Minister and Minister of..
''I apply the best British practices for the development of science communication in Bulgaria'', said Lyubov Kostova, Member of Board Trustees of..
The European Commission will announce next month the amount under the Recovery and Resilience Plan (RRP), the payment of which may be withheld if the..
Emergency measures have been introduced in the Elenite holiday village due to expected rainfall on Monday. While cleanup continues following the..
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