Bulgaria Nears Bottom of EU Rankings in Household Material Well-Being
In 2024, Bulgaria ranked near the bottom in the European Union when it comes to material well-being, placing second to last alongside Estonia
The British government intends to trigger Art.50 of the Lisbon Treaty for leaving the European Union on March 29, confirmed the spokesperson of PM Theresa May, reported Reuters.
Earlier, the agency cited EU sources, according to which, Brussels has already been informed of May’s intentions.
The triggering of Art. 50 of the EU Treaty will set the beginning of the negotiations between Great Britain and the EU which should start in a fee weeks. Under the treaty, these may not continue for more than two years. An extension of the negotiations may only occur with the agreement of Great Britain and the remaining 27 member-states.
May’s cabinet expects the negotiations to start as soon as possible, while Brussels’ initial response must arrive within 48 hours, reported BBC.
Until the end of next week, Donald Tusk must give the governments of the remaining 27 member-states directions on the negotiations. The final stance on the issue must be adopted at a meeting in early May.
According to the current schedule, Brexit must become a fact in March 2019.
May herself announced in January that it is her job to conclude “a good deal for Britain” during Brexit but it will be better to have no deal at all rather than a bad one.
The European Commission has confirmed that Bulgaria meets the inflation criterion necessary for joining the eurozone
At a meeting in Luxembourg on June 19, the finance ministers of EU member states unanimously endorsed the Eurogroup’s recommendation for Bulgaria to adopt the euro starting January 1, 2026
As hostilities between Israel and Iran stretch into their second week, European powers are intensifying diplomatic efforts to prevent a broader regional war
The Eurogroup has given its full support for Bulgaria to join the eurozone
The convergence reports on Bulgaria, issued by the European Commission and the European Central Bank, are expected to receive broad support from all Eurozone countries
The TurkStream gas pipeline, which transits through Bulgaria on its way to the Western Balkans and Central Europ
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