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In the oil market, the upward trend continues at the beginning of the new week, with prices rising to nearly 5-month highs due to increasing geopolitical risks related to supply disruptions
HOT: » Assessing the Legacy of Bulgaria's "Denkov" Cabinet: Achievements, Failures, and What Comes Next
The prospect of US President Donald Trump's moving closer to Russia has scrambled the strategy of "balancing East and West" used for decades by countries like Bulgaria, the New York Times says.
An eager EU member, Bulgaria has seen Russian influence creep in "as rising nationalism caused support for the union to wane", the report goes on.
Bulgarian President Rumen Radev is quoted as saying that the country's "road map" includes "staying in the EU and staying in NATO, but at the same time, we have a deep historical relationship with Russia."
"It is unclear whether Bulgaria’s old balancing act will work in the emerging international order."
In addition , there are "fears that Mr. Trump and Mr. Putin will forge a bargain between themselves that serves their two nations but carves up the region into spheres of influence, just as the major powers did at the end of World War II."
The article is available here.
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Brazen Bulgarian gangs "terrorise the elderly and rob them over their life savings with increasingly aggressive phone scams nettling millions of euros," according to an AFP story.
Bulgarians have benefited a lot from their EU membership, with incomes rising and Brussels overseeing politicians, according to a New York Times piece.
German businesses prefer to trade with Bulgaria rather than invest into the country, an article on DW Bulgaria's website argues.
The truth about Bulgaria and Moldova's presidential elections is "more complicated" and should not be reduced to pro-Russian candidates winning, the Economist says.
President-elect Rumen Radev "struck a chord with voters by attacking the status quo and stressing issues like national security and migration," AFP agency writes after the presidential vote on Sunday.
Bulgaria "looks set to veer sharply back into Moscow's strategic orbit after Socialist candidate Rumen Radev won the presidency in a landslide on Sunday," Politico writes in a report on the country's presidential election.
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