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.
The Municipality of Tsarevo declared a state of emergency due to record rainfall. People have been evacuated, Tsarevo Mayor Marin Kirov told BNR. ''In just three hours, 410 liters per square meter of rain were recorded in the village of Izgrev and..
The National Assembly passed changes to the Law on the State Agency for National Security (SANS) at first and second readings. According to the amendments, the chairman of the State Agency for National Security will be elected by Parliament upon..
"We must stand on historical truth in order to build good neighborly relations with North Macedonia", said Bulgaria’s President Rumen Radev at Sofia University during the presentation of a prototype edition of the "Macedonian Almanac''. The first..
No significant change in the weather is expected over the next 24 hours. It will remain cloudy with widespread and, in many areas, heavy rainfall. It..
The European Flood Awareness System (EFAS) has issued a warning of expected complications in Bulgaria on 3 October . Interior Minister Daniel Mitov..
''Sabotage groups are operational in Bulgaria, and they exert hybrid influence and are part of Bulgaria's political life'', Prime Minister Rosen..
Cloudy
Scattered showers
Cloudy
Overcast, rain
Rain