New Russian Missile Attacks in Ukraine
Ukraine finds itself once again under fire from Russian missiles, marking a new wave of violence in the region
Russian President Vladimir Putin has issued a statement suggesting support for the bailout agreement reached between the EU and Cyprus.
"Given the decisioins taken by the Eurogroup, President Putin finds it possible to support the efforts of his Cypriot counter part and the EC towards overcoming the crisis in Cyprus's economy and banking sector," stated Putin's spokesman Dmitry Peskov Monday.
According to Peskov, Putin has also asked the Russion government to consider the possibilities for restructuring of the 2011 EUR 2.5 B loan to Cyprus.
Cypriot FinMin Michalis Sarris was in Moscow end of last week in an attempt to renegotiate the loan, but talks came to to concrete results.
Cyprus asked Russia for an extension of the deadline for the loan's repayment, and a lowering of interest from 4.5% to 2.5%.
But Russia later made it clear that it is not ready to ease terms on the loan before the finanically troubled Cyprus reaches a rescue plan greement with the EU.
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Fitch Ratings, a leading credit rating agency, has affirmed Bulgaria's Long-Term Foreign-Currency Issuer Default Rating at 'BBB' with a Positive Outlook
The National Statistical Institute reports that in 2023, the poverty line for the entire country stood at 637.92 BGN per person per month within households
Bulgaria's long-anticipated entry into the Eurozone may face a delay, as the country is unlikely to meet the inflation criterion required for the introduction of the euro on January 1, 2025
The price of retail lamb in Bulgaria has surged by 8.4% on an annual basis, according to statistics released by the Ministry of Agriculture and Food, with data sourced from SAPI indicating an average price of BGN 25.27 per kilogram as of April 10
According to recent data from the Confederation of Independent Trade Unions of Bulgaria (CITUB), the financial strain on Bulgarian households continues to intensify
Experts suggest that Bulgaria's admission to the Eurozone is more realistic in January 2026
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022