Bulgaria's Eurozone Aspirations: Fitch Ratings Affirms Positive Outlook
Fitch Ratings, a leading credit rating agency, has affirmed Bulgaria's Long-Term Foreign-Currency Issuer Default Rating at 'BBB' with a Positive Outlook
Greece and its eurozone partners seem to be on the verge of striking a compromise over the extension of the country's financial rescue package.
Varoius media reports from Brussels suggested on Friday evening that eurozone finance ministers have drafted a blueprint that could become the basis for accepting Greece’s request for extending the bailout agreement, potentially staving off a financial crisis in the eurozone.
However, according to officials from both sides, there was no formal deal on a common text in the full 19-nation eurogroup of finance ministers, Reuters said.
"There is an initial agreement on a joint draft text among the institutional partners, which is now being presented to all of the ministers," a Greek government official has said following preparatory talks involving the finance ministers of Greece and Germany, as well as the IMF managing director.
According to an unnamed eurozone official, the negotiations led by Dutch finance minister Jeroen Dijsselbloem, who is heading the eurogroup, have produced a common communiqu? on the extension of the bailout programme, the FT said.
Failure to win an extension of Greece's bailout could send the country into default, signalling its exit from the euro.
Greece’s rescue program is due to expire at the end of this month. Earlier this week, the Greek government requested an extension -- a step that prompted Friday's emergency meeting of eurozone finance ministers.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
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
German Foreign Minister Annalena Baerbock has issued a compelling call for the expedited integration of candidate countries from the Western Balkans into the European Union
French President Emmanuel Macron has ignited controversy by calling for France's nuclear arsenal to be integrated into the European defense discourse
Brussels has called upon 15 prominent companies, including Lidl, Coca-Cola, and L'Oréal, to halt their advertising campaigns in pro-Kremlin media outlets across Bulgaria
European Commissioner for Internal Affairs, Ylva Johansson, has highlighted the pressing need for increased labor migration in the European Union
The European Parliament has voted to impose a €10,000 limit on cash payments within the European Union
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022