EU Annual Inflation Slows in March 2024, Bulgaria's Rate at 3.1%
Eurostat's latest report revealed a slowdown in annual inflation across the European Union, with the figure dropping to 2.6% in March 2024 from 2.8% the previous month
AFP - Turkey on Friday threatened to respond if the United States levied further sanctions over the detention of an American pastor which has sparked a diplomatic standoff and battered the Turkish currency.
As Turkey's government sought to reassure markets after the lira had been sent into a tailspin by the deepening spat, Washington said the next raft of sanctions could be on the way.
US Treasury Secretary Steven Mnuchin warned Thursday that the United States would impose more sanctions unless pastor Andrew Brunson, described by US President Donald Trump as a "hostage", was released.
Turkey's Trade Minister Ruhsar Pekcan responded to the new threat on Friday.
"We've already responded based on the World Trade Organisation rules and will continue to do so," Pekcan was quoted as saying by the state-run Anadolu news agency.
Brunson's detention since October 2016 on terror-related charges has soured relations between the two NATO allies and sent the lira tumbling.
The lira, which earlier this week traded at well over seven to the dollar, had rebounded slightly over the last three days but on Friday it lost nearly five percent of its value and was quoted at 6.1 against the dollar.
Trump on Thursday tweeted: "Turkey has taken advantage of the United States for many years. They are now holding our wonderful Christian Pastor, who I must now ask to represent our Country as a great patriot hostage."
He said: "We will pay nothing for the release of an innocent man, but we are cutting back on Turkey!"
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
Eurostat's latest report revealed a slowdown in annual inflation across the European Union, with the figure dropping to 2.6% in March 2024 from 2.8% the previous month
Russian peacekeeping forces have initiated their withdrawal from Nagorno-Karabakh following Azerbaijan's reclaiming of the disputed region from Armenian separatists last year, as confirmed by the Kremlin
The Netherlands has delivered three more F-16 fighter jets to a training base in Romania
China emphasized today the necessity for extensive groundwork before the Ukraine peace conference, slated to be held in Switzerland
Bulgaria finds itself at the bottom of the list in terms of citizens who believe in the benefits of EU membership, according to the latest Eurobarometer survey results
A scheduled conference of far-right European politicians, including Hungarian Prime Minister Viktor Orbán and former British MEP Nigel Farage, was abruptly halted by police in Brussels
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022