Putin Declares Temporary 'Truce' for Victory Day's 80th Anniversary
Russian President Vladimir Putin has announced a so-called "humanitarian" truce to mark the 80th anniversary of the end of World War II
Five European Union countries, including Bulgaria, Poland, Hungary, Romania, and Slovakia, are urging the European Commission to impose customs duties on grain imports from Ukraine. The move is prompted by concerns of unfair competition and its impact on domestic producers.
Hungary's Ministry of Agriculture confirmed the joint request, with the other signatory nations being Ukraine's immediate neighbors. The countries argue that the influx of Ukrainian grain poses a threat to the EU's food supply and strategic sovereignty.
The signatories emphasize the need for Brussels to implement measures safeguarding the markets of Ukraine's neighboring EU members while allowing them to fully utilize their export potential. Proposed measures include the imposition of duties on sensitive agricultural products.
The ministers highlight Ukraine's advantage of large holdings, leading to lower export prices and displacing European farmers from their traditional markets. They contend that their agriculture has suffered significant damage since the EU lifted import quotas for Ukrainian grain last year.
The letter also calls on the European Commission to investigate whether Ukrainian production adheres to EU standards. Three of the signatory countries—Poland, Slovakia, and Hungary—have maintained an import ban on their national markets since September 2023, while Ukraine has filed complaints with the World Trade Organization.
Bulgaria anticipates favorable outcomes from the upcoming reports by the European Commission (EC) and the European Central Bank (ECB) on its euro adoption
A month after Bulgaria receives approval to join the eurozone, all traders are required to display prices in both leva and euros
Veselin Danev, chairman of the Bulgarian Hotel Association, highlighted a major issue in Bulgaria’s tourism sector: a significant decline in the workforce
Nexo, a global leader in digital asset management, has officially declared its return to the US market
The real estate market in Bulgaria maintained stability and activity during the first quarter of 2025, with strong demand despite a moderate drop in transactions compared to late 2024
The International Monetary Fund (IMF) has revised its forecast for Bulgaria’s economic growth, predicting a slowdown to 2.5% in 2025
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