Bulgaria's External Debt Reaches €44.4 Billion: National Bank Report
Bulgaria's National Bank has disclosed the country's external debt figures, revealing a notable increase in gross foreign debt at the end of February 2024
The new Prime Minister of Italy, Matteo Renzi, received the support of the Parliament's lower house through a vote of confidence on Tuesday.
The MPs declared their approval of his government's programme, which envisages rapid economic and constitutional growth.
In his speech before the confidence motion, the new head of government declared that problems in Italian job market would be his top priority in the near future, leading Spanish agency ABC has reported.
The vote was clearly in favour of Renzi, as 378 lawmakers supported him and 220 were against.
Earlier on Tuesday, he also won the confidence of the Senate, which is the upper house.
With the backing of both Italian houses, 39-year-old Renzi's place as the youngest PM in modern Italian history has been confirmed.
Renzi has vowed to revise the tax system and to increase his country's role in EU decision-making, as well as in the bloc's relations with its Mediterranean neighbors.
To cast no doubt on his intention, he has announced his first trip would be to Tunisia, as the BBC reports.
Cutting income tax, constitutional reforms, investment in job creation and abolishing the Senate as a legislative body were among the promises that, combined with his charismatic style, brought him to power after he ousted the previous Prime Minister and party colleague, Enrico Letta.
Letta lost the support of his centre-left Democratic Party after its key members expressed their doubt at his ability to cope with Italy's recovery from the crisis.
Renzi, on the other hand, has promised to implement all the reforms announced by him in just four months.
Italy, with the third-largest GDP in the Eurozone, has suffered significant damage and is still trying to find its way out of the financial turmoil that spread across the region. Its huge public debt amounts to EUR 2.1 trillion, which is about 133% the size of its economy.
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Tragedy struck the Ukrainian port city of Odesa as Russia unleashed a devastating assault, claiming the lives of five people and leaving over 30 injured
Chinese President Xi Jinping is embarking on a six-day tour of Europe amidst escalating trade tensions with the European Union and concerns over China's support for Russia. The trip, Xi's first to the continent since 2019, includes visits to France, Serbi
During the World Economic Forum, United States Secretary of State Anthony Blinken raised concerns over Russia's unprecedented pace of weapon production, comparing it to historical records, including the Cold War era of the USSR.
A recent report by a group of Western insurers has shed light on Russia's ability to circumvent Western oil sanctions, revealing that measures aimed at capping Russian oil prices have proven ineffective and have inadvertently fueled a surge in gray zone a
The impending enforcement of the new mobilization law, slated to target all able-bodied men between the ages of 25 and 59, has instilled a sense of dread and desperation among Ukrainians
A devastating Russian rocket attack on an educational institution in the picturesque seaside park of Ukraine's Black Sea port, Odesa, has left a trail of destruction and claimed the lives of four individuals
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