European Parliament Passes Law to Restrict Cash Payments to €10,000
The European Parliament has voted to impose a €10,000 limit on cash payments within the European Union
Hungary’s Foreign Minister Peter Szijjarto said on Tuesday the country will have to find alternative sources to secure its long-term gas supplies following Russia’s decision to drop the South Stream project.
"Russia had the right to make that decision and Hungary has acknowledged the move," Budapest Business Journal quoted Szijjarto as telling Hungarian news agency MTI.
Hungary, which imports most of its gas from Russia, backed South Stream despite opposition from the EU Commission and the US because it saw the project as the only way to safeguardits energy supplies, Andras Aradszki, energy affairs state secretary, told Reuters last month.
Stalled plans to build gas interconnectors within eastern Europe and the collapse of rival EU-backed Nabucco pipeline project designed to bring gas from Azerbaijan to Europe, had left Hungary with no alternative, Aradszki said, adding Hungary aimed to start building its section of South Stream next year and complete it by 2017.
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The European Parliament has voted to impose a €10,000 limit on cash payments within the European Union
French President Emmanuel Macron issued a stark warning to Europe, urging the continent to confront the challenges of a rapidly changing world
The European Parliament has approved the EU's inaugural directive aimed at regulating the employment rights of individuals working through online platforms
As the Hungarian forint experiences volatility, German investors are increasingly advocating for Hungary to adopt the euro, reaching the highest level of support in over a decade
Eurostat data indicates that Greece (161.9%), Italy (137.3%), France (110.6%), Spain (107.7%), and Belgium reported the highest public debt-to-GDP ratios among EU member states by the conclusion of 2023
Concerns are mounting within the European Parliament regarding potential Russian interference in the forthcoming parliamentary elections, coupled with apprehensions surrounding Russian-owned properties in Bulgaria
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022