Escaping the Stigma: Bulgaria's Bid to Shed Its 'Poorest' EU Status
Bulgaria is on the brink of shedding its label as the "poorest" country in the European Union, with recent data revealing a promising trajectory towards economic convergence
The European Union is likely to offer Theresa May a transition period after Brexit of just 20 months, according to senior sources in Brussels, The Guardian reports.
In her speech in Florence the prime minister formally requested what she had described as an implementation period of “about two years” to cushion Britain’s exit from the EU in March 2019, during which the UK would stay in the single market and customs union.
The Irish government has publicly called for a longer period, of up to five years, to allow businesses to prepare for changes in customs procedures, a proposal that has the support of many in the UK.
However, senior EU officials believe the most likely outcome will involve any withdrawal agreement stipulating 31 December 2020 as the date when the country leaves the bloc’s legal structures.
No decisions have been made and the EU’s 27 remaining member states are yet to formally discuss the terms of a transition period, something they only agreed to do at the end of the last European council summit on Friday.
Earlier this week the EU’s chief negotiator, Michel Barnier, also appeared to suggest that such a schedule would suit the bloc. He told a group of European newspapers: “To my mind, it makes sense that it covers the financial period, so until 2020.”
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
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
A dire situation looms over European airspace as thousands of passenger planes, predominantly ferrying tourists, find themselves ensnared in a perilous web of Russian jamming attacks, leaving them disoriented and vulnerable mid-flight.
In a significant affirmation of Bulgaria's path towards Eurozone accession, European Commissioner for Economy Paolo Gentiloni has confirmed the European Commission's support for Bulgaria's admission to the Eurozone in 2025
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022