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European Commissioner Guenther Oettinger urged Italy on Wednesday to quickly submit a new budget with a lower deficit goal than previous plans which he described as being dangerous for Italy and the euro zone, reported Reuters.
“We hope that a draft will come today that corresponds to the criteria for all euro countries,” Oettinger, responsible for EU budget affairs, told German radio.
He added that even a deficit goal of 2.2 percent of gross domestic product, compared with the current goal of 2.4 percent for next year, “would be against all the commitments”.
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According to the latest Eurostat data published today, 6.8% of the European Union's population experienced severe material and social deprivation in 2023
Ekaterina Zaharieva gave her first comment after being nominated for the role of European Commissioner for Startups, Innovation, and Research
Ekaterina Zaharieva from Bulgaria has been appointed as the European Commissioner for Startups, Research and Innovation
Bulgaria has committed to phasing out coal by 2038, a reminder included in the European Commission's annual report on energy across the EU
According to Eurostat data from July 1, 2024, Bulgaria has the lowest minimum wage in the European Union
In June, Bulgaria's services sector saw a monthly production increase of 0.6 percent, while Eurostat data showed a decline in the EU for the same period
Ekaterina Zaharieva gave her first comment after being nominated for the role of European Commissioner for Startups, Innovation, and Research
Ekaterina Zaharieva from Bulgaria has been appointed as the European Commissioner for Startups, Research and Innovation
An explosion occurred this morning in the heart of Cologne, Germany
Atanas Pekanov, Bulgaria's former vice-prime minister for European funds under the "Donev" administration, has warned that the country is likely to forfeit at least 500 million leva (250 million euros) from the Recovery and Sustainability Plan
Thierry Breton, France’s European Commissioner for the Internal Market, has resigned and withdrawn his candidacy for a future European Commission role
Germany is reinstating border controls on its land borders starting today as part of efforts to address illegal migration
Bulgaria Ranks Second in the Balkans at Paris 2024 Olympics, 26th Overall
Bulgaria Leads Europe in Heat-Related Deaths in Record-Breaking 2023
