Orbán: Russia Unlikely to Attack NATO Allies, Claims Lack of Capabilities
Hungarian Prime Minister Viktor Orbán has dismissed concerns over the possibility of Russia launching an attack on NATO member states, stating that such fears are unfounded
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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Starting from January 1, 2025, Bulgaria aims to raise its minimum wage to at least BGN 1,080 (EUR 552), a significant increase from the current BGN 933
Bulgaria’s prospects for joining the euro in 2025 have been bolstered by a cooling annual inflation rate, which dropped to the eurozone average of 2.4% in April, marking its first dip below 3% since the summer of 2021
In April, inflation across the European Union remained steady, with both the EU and the Eurozone recording a rate of 2.6% and 2.4%, respectively, according to data from Eurostat, the official statistics agency of the EU
Julian Voinov, an economist and financial expert, expressed optimism regarding Bulgaria's potential adoption of the euro in 2025 or early 2026
This was stated by the Governor of the Bulgarian National Bank at the international conference "Bulgaria in the Eurozone, When?" in Sofia
Former Finance Minister Simeon Dyankov has suggested that Bulgaria's potential entry into the Eurozone may not materialize before 2026
Sofia Airport's Terminal 3 Construction Set to Begin in Early 2026
COVID-19 Impact: Bulgaria's Grim Milestone as Highest Death Rate in EU