Bulgaria Leads EU in Construction Growth for 14th Straight Month
In February, Bulgaria recorded the highest annual growth in construction output among EU member states
The Greek Prime Minister from the left-wing SYRIZA party held talks with German Chancellor Angela Merkel and French President Francois Hollande late on Thursday.
The meeting took place during the European summit currently held in Brussels.
The main topic of duscussion has been the Greek bailout plan as well as the means for restoring EU trust in the Balkan country's fiscal policy through reforms in major sectors.
According to the bailout agreement, Greece needs to submit an installment of EUR 6 B by the end of April.
In the view of a number of analysts, the sum will pose a severe strain on the left-wing government that has publicly opposed the proposed ''austerity measures'' both through PM alexis Tsipras and the Greek Financial Minister Yanis Varoufakis.
German Chancellor stated that it still remains unclear whether additional funding will be needed for the Greek economy and that could be established only after the full list of reforms is submitted to the main creditors.
"The procedure is back on track," Tsipras stated early on Friday morning. "It is clear that Greece will not have to take recessionary measures."
He, however, noted that Greece would face a ''humanitarian crisis'' in case the Troika Mission - International Monetray Fund, European Central Bank and the European Commission, refuse to unlock the remaining USD 7.5 B left from its EUR 240 B bailout plan.
The condition posed by EU leaders for that to happen has been the Greece submits the reform proposals earlier.
"Greece will have to provide technical informations in Athens and have political discussions in Brussels," said French President Hollande.
Both sides stated that they feel more optimistic about the future devlopments after the meeting.
The Ploiești Court of Appeal has ruled to annul the decision of the Romanian Constitutional Court, which had previously invalidated the results of last year’s presidential election
Montenegro’s Minister for European Affairs, Majda Gorgević, reaffirmed in an interview with BGNES that Chinese investments do not threaten the country’s EU aspirations
During the "EU Meets the Balkans" forum in Sofia, North Macedonia’s Deputy Foreign Minister Zoran Dimitrovski addressed ongoing concerns surrounding his country's EU accession process
EU Commissioner for Enlargement Marta Kos emphasized that the expansion of the European Union remains one of the top priorities of the current European Commission
Serbian President Aleksandar Vucic has confirmed his intention to attend the Victory Day parade in Moscow on May 9
After reports emerged this week from Bulgarian media stating that Bulgaria is "fully ready to sign an agreement with North Macedonia and start construction on a cross-border railway tunnel along Corridor 8"
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