Inflation Slows in Bulgaria and Across the Euro Area in December
Annual inflation across the eurozone eased further in December, slipping below the European Central Bank’s 2 percent benchmark, according to updated data released by Eurostat
European Commission President Jean-Claude Juncker (R) and Tukish Prime Minister Ahmet Dvutoglu (L) at the end of a news conference during an extraordinary EU Summit with Turkey in Brussels, Belgium, November 29, 2015.
Turkey is to get some EUR 3 B in funding, visa liberalization with the EU, and the prospect of having membership talks renewed, EU and Turkish leaders have decided at a Sunday summit.
In return, Ankara will have to stem the flow of migrants trying to cross from its borders into neighboring Southeastern European countries.
Of the EUR 3 B, some EUR 2.5 B will be a contribution from member states, and the rest will be earmarked from the EU's common budget.
Turkey's PM Ahmet Davutoglu called Sunday's meeting a "historic" event in the EU membership negotiation process.
The visa deal comprises countries from the so-called Schengen borderless area, which excludes Bulgaria and Romania for the moment. Bulgaria's Prime Minister Boyko Borisov earlier suggested his country could only agree on partial liberalization, with Turkish officials possibly being granted a waiver to enter Bulgaria.
Sunday's summit in Brussels is controversially perceived by some of the leaders who believe Europe is turning a blind eye on concerns it previously showed about the political situation and respect for human rights in Turkey for the sake of its own agenda.
The migrant crisis has resurfaced as problem for Europe after the November 13 attacks in Paris, with some of the suspects having arrived via Greece as part of the migrant flow.
European Union institutions and national governments are weighing a range of countermeasures in response to US President Donald Trump’s threat to impose new tariffs on European allies that oppose his push to bring Greenland under American control.
At least 39 people were killed and more than 70 injured after a dramatic collision between two high-speed trains in southern Spain late on Sunday, plunging the country into mourning.
Dimitar Radev, Governor of the Bulgarian National Bank, is expected to take a firmly conservative stance within the European Central Bank’s Governing Council
After more than 25 years of intermittent and often contentious talks, the European Union and the Mercosur bloc formally signed a sweeping free trade agreement on Saturday in Paraguay
European Union ambassadors are preparing to hold an emergency meeting after US President Donald Trump announced plans to impose new tariffs on several European countries over their opposition to US efforts to acquire Greenland
US President Donald Trump has announced plans to impose tariffs on European countries that oppose Washington’s control of Greenland, escalating tensions over the Arctic territory
Bulgaria's Strategic Role in the EU's Drone Wall Defense Initiative
When Politics Means Violence