BGN 100 Million Budget for the Elections in Bulgaria
The new acting finance minister, Lyudmila Petkova, unveiled the budget for the upcoming elections, which amounts to BGN 100 million
Politics | April 9, 2024, Tuesday // 12:02
Cypriot Finance Minister Resigns in Bailout Talks Aftermath
World | April 2, 2013, Tuesday // 16:45
- Tweet
Send to Kindle
Greek Cyprus Finance Minister Michalis Sarris gives a press briefing at the end of a special Eurogroup finance ministers meeting on the economic crisis in Cyprus, in Brussels, Belgium, on March 25, 2013. Photo by EPA
Cypriot Finance Minister Michalis Sarris has resigned after helping clinch the final terms of an international aid agreement to stave off a financial collapse of the island country.
President Nicos Anastasiades has accepted the resignation of Sarris, who had been under fire for his handling of the bailout deal.
Earlier, Anastasiades ordered an investigation into what led Cyprus to the brink of bankruptcy before it was forced to accept tough bailout conditions.
Cypriot media reports suggest that Sarris will be replaced by Labor Minister Haris Georgiades, according to the BBC.
Cyprus is set to receive the first tranche of bailout funding next month to ease the restructuring of its stricken banking sector.
Related Articles:
Bulgaria Nears Eurozone Entry If Inflation Criterion Met, Says Finance Minister
During debates on a draft decision concerning the Bulgarian Energy Holding, Minister of Finance Asen Vassilev announced that Bulgaria is on the brink of entering the Eurozone as it meets the inflation criterion
Bulgaria Anticipates Meeting Eurozone Inflation Criteria by September
Bulgaria is on track to meet the inflation benchmark required for Eurozone membership by September
Bulgarian Finance Minister Urges META to Combat Russian Propaganda Ahead of European Elections
In a concerted effort to tackle the pervasive issue of disinformation and misleading content, Bulgarian Finance Minister Asen Vassilev, along with Minister of Economy and Industry Bogdan Bogdanov, engaged in discussions with executives from META
Politics | February 9, 2024, Friday // 11:46
NASA Director to Visit Bulgaria!
On the second day of his visit to Washington, the Minister of Finance, Asen Vassilev, visited the headquarters of the National Aeronautics and Space Administration (NASA) of the USA.
Society | February 8, 2024, Thursday // 15:30
Bulgarian Finance Minister Reports State Budget Deficit Drop in November
Finance Minister Asen Vassilev announced a significant decline in the state budget deficit for November, reaching a mere 0.6%. This marks a milestone in over two decades, with revenue from taxes surpassing expenditures—a first in this time frame
School Shooting in Turkey: 16 Injured as Gunman Takes Own Life
A shooting at a school in southeastern Turkey left 16 people injured after a former student opened fire before taking his own life, according to local authorities.
Sanctioned Tankers Slip Through Hormuz Despite US Naval Blockade
Despite the US-imposed naval blockade targeting Iranian-linked maritime traffic through the Strait of Hormuz, several sanctioned vessels have continued to pass through the strategic waterway
World | April 14, 2026, Tuesday // 11:07
EU Hits Chinese Steel With 50% Tariffs in Major Industry Protection Move
The European Union has agreed on a major overhaul of its steel import regime, effectively doubling tariffs in an effort to protect domestic producers from what officials describe as a growing wave of low-cost foreign, particularly Chinese, exports
“Cuba Is Next”: Trump Drops Bombshell as War Tensions Spread
U.S. President Donald Trump has again escalated rhetoric beyond the ongoing war with Iran, suggesting that Cuba could become Washington’s next target
World | April 14, 2026, Tuesday // 09:01
Hungary’s Magyar Backs EU Ukraine Loan but Rules Out Participation
Hungary’s incoming prime minister Péter Magyar has signaled that his government will not obstruct the European Union’s €90 billion loan for Ukraine, while making clear that Budapest itself will not participate in the mechanism
Iran War Day 45: US Blockade Takes Effect as Trump Shrugs Off New Talks
The United States has moved forward with a major escalation in its conflict with Iran, enforcing a naval blockade on all Iranian ports as of Monday, targeting traffic through the Strait of Hormuz
World | April 14, 2026, Tuesday // 08:00
