EU Population Trends: Bulgaria Sees Largest Decrease
As of January 1, 2023, the European Union (EU) has a population of 448.8 million people. Germany is the most populous EU country, with 84.4 million residents (19% of the EU total),
Representatives of SINO - CEEF capital, part of the world's largest bank, the Chinese ICBC, will be visiting Bulgaria to explore projects with investment potential. This is reported by the press center of the Ministry of Economy.
The Chinese will visit our country after an invitation by Deputy Economy Minister Alexander Manolev to Shimon Ostrovski, ICBC Director and President of the SINO Instrument, who have spoken in Warsaw.
China's Industrial and Commercial Bank (ICBC) is the world's largest bank in the market capitalization, customer deposit, profit and brand value. The Bank provides comprehensive financial products and services to 5.77 million corporate customers and 520 million personal banking customers through a distribution network of 16,939 local institutions, 412 foreign institutions and more than 1,608 correspondent banks worldwide, as well as through electronic banking.
"Bulgaria is one of the countries where we do not have large-scale projects and we have an interest in expanding our activity in this region," said Shimon Ostrovski. According to him, the bank is interested in projects worth over EUR 50 million and is also ready to invest in the infrastructure of the country.
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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
In the initial quarter of 2024, Bulgaria's economy expanded by 0.4%, as per an expedited evaluation by the National Statistical Institute (NSI), a slight deceleration from the 0.5% growth witnessed in the final quarter of the preceding year
According to Levon Hampartzoumian, the likelihood of Bulgaria joining the Eurozone in 2025 is very slim, as no country has ever entered during the middle of the year
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