Greece Takes Action: Vehicles Confiscated for Speeding Infractions
In a sweeping move aimed at curbing reckless driving and enhancing road safety, Greece has implemented stringent measures against speeding motorists
HOT: » Assessing the Legacy of Bulgaria's "Denkov" Cabinet: Achievements, Failures, and What Comes Next
Banks in Greece will reopen on Thursday, Germany’s Frankfurter Allgemeine Zeitung (FAZ) reported on Monday.
The maximum daily limit of EUR 60 for cash withdrawals at ATMs will remain in force until banks reopen, the FAZ said on its website.
Banks in Greece have been closed for the past week with Tuesday initially seen as a likely date for reopening. The government ordered banks to close and introduced capital controls after the European Central Bank (ECB) froze a financial lifeline following the breakdown of bailout talks between Athens and its foreign creditors.
Greece faces a EUR 3.5 B ECB bond repayment on 20 July. Defaulting on the repayment would prevent the ECB from accepting collateral from Greek banks which could lead to cutting the liquidity lifeline.
The ECB Governing Council will discuss the provision of emergency funding to Greece's banks in a telephone conference call later on Monday afternoon, Reuters reported.
Greek banks are running out of cash and facing the danger of collapse within days without new aid following Sunday's referendum in which 61.3% of the voters rebuffed the latest cash-for-reforms bailout proposal made by the Eurogroup, the ECB and the International Monetary Fund to Athens.
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The European Prosecutor's Office in Sofia has taken legal action against an individual suspected of fraudulent activities involving European subsidies, as announced by the Luxembourg-based institution
German arms manufacturer Rheinmetall has secured a substantial financial boost from the European Union, receiving over 130 million euros to enhance its ammunition production capabilities
Eurostat's recent publication on Wednesday showed insights into hourly labour costs across the European Union (EU) in 2023, indicating a notable rise compared to the previous year
A major security breach has taken place within the EU police service – Europol, as detailed by the online publication 'POLITICO'
Eurostat's 2021 data indicates that Bulgaria housed the three regions within the European Union exhibiting the highest standardized death rates
Brussels' European District faced significant disruption on Tuesday morning as farmers from various agricultural organizations staged a protest against EU agricultural policy
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022