In the Eurozone: Annual Inflation Slips to 2.6%
In February 2024, the euro area witnessed a decline in its annual inflation rate, dropping to 2.6% from January's 2.8%
HOT: » Assessing the Legacy of Bulgaria's "Denkov" Cabinet: Achievements, Failures, and What Comes Next
Russian voters have overwhelmingly backed a referendum on constitutional changes that include a provision allowing President Vladimir Putin — who has already served for some two decades — to remain in power until 2036.
With nearly all of the ballots counted, the tally for the voting that has taken place over a full week, showed a 78% "yes" vote, according to Russia's Central Election Commission. The commission estimated the turnout was 65% of eligible voters.
The opposition accused the government of rigging the vote.
Russia's constitution had required Putin to step down after his current six-year term expires in 2024.
The amendments to the constitution up for the referendum vote had been passed weeks ago by Russia's parliament, but Putin had insisted that they be approved by voters to give the changes legitimacy.
The referendum had originally been scheduled for April 22, but was postponed because of the COVID-19 pandemic. Russia is among the countries hardest-hit by the virus.
In addition to a reset of presidential terms allowing him to run twice more, the referendum includes some 200 other amendments, including guaranteed minimum pensions, a ban on same-sex marriage and an affirmation of the Russian people's belief in God.
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In February 2024, the euro area witnessed a decline in its annual inflation rate, dropping to 2.6% from January's 2.8%
Amid the ongoing war between Russia and Ukraine, the Kremlin has put forward the idea of establishing a "buffer zone" on Ukrainian-controlled territory, a move aimed at safeguarding Russian regions from potential attacks
Cerstin Gammelin, spokeswoman for the German president, conveyed that Frank-Walter Steinmeier will abstain from extending congratulations to Russian President Vladimir Putin for his victory in the perceived fraudulent elections
Spanish newspaper El Pais has reported that NATO servicemen are already stationed in Ukraine, overseeing weapon deliveries, conducting intelligence operations, and providing training to the Ukrainian military
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
In a resolute stance against the recent Russian presidential elections held in the occupied Ukrainian regions, the European Union has officially declared its non-recognition of the process
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