Germany Urges Swift EU Accession for Western Balkan Countries
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
The president of the most influential German economic institute, IFO Clemens Fuest, is not expecting the events in Spain and the possible secession of Catalonia to lead to turbulence in the currency union, sega said.
Catalonia is a very big problem for Spain, but I would not describe it as a risk to the euro area as a whole. And even if it comes to separation from Spain, Catalonia is very small and will be isolated. So I do not expect to have a serious impact on the currency union, the president says.
In the Horizon interview, Clemens Fuest warned: Europe faces a new debt crisis. In his words, the biggest problem of the currency union is now Italy.
I think Wolfgang Schaeuble is quite right. If we continue in the same way, we are facing a new debt crisis that is deeper than the one we have experienced. Debt in the eurozone countries is growing and is now close to 100% of GDP, the president of the institute added.
Clemens Fuest is categorical that while the eurozone is not stabilized, there is no possibility of expanding it.
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As the clock ticks down to midnight tonight, Bulgarians are reminded that April 30th marks the final day for filing their 2023 personal income tax returns
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
Fitch Ratings, a leading credit rating agency, has affirmed Bulgaria's Long-Term Foreign-Currency Issuer Default Rating at 'BBB' with a Positive Outlook
The National Statistical Institute reports that in 2023, the poverty line for the entire country stood at 637.92 BGN per person per month within households
Bulgaria's long-anticipated entry into the Eurozone may face a delay, as the country is unlikely to meet the inflation criterion required for the introduction of the euro on January 1, 2025
The price of retail lamb in Bulgaria has surged by 8.4% on an annual basis, according to statistics released by the Ministry of Agriculture and Food, with data sourced from SAPI indicating an average price of BGN 25.27 per kilogram as of April 10
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022