Bulgaria's Draft Budget for 2025: 3% Deficit, State Debt Growth, and Key Tax Changes
The Bulgarian Ministry of Finance has unveiled the draft budget for 2025, alongside the updated medium-term fiscal forecast covering 2025 to 2028
Austria finds itself embroiled in a burgeoning espionage scandal with connections to Bulgaria, as suspicions of Russian espionage within the Federal Office for Internal Security continue to mount. Investigative reports suggest that six Bulgarians apprehended in Great Britain were linked to a network surrounding Jan Marsalek, a figure currently evading authorities in Moscow and allegedly pivotal in recruiting spies. Among their targets was investigative journalist Christo Grozev, known for his work with the investigative website Bellingcat.
In response to the escalating crisis, Austrian Chancellor Karl Neuhammer has called for an emergency meeting of the National Security Council next week. This move comes amid the arrest of Egisto Ott, suspected of collaborating with former domestic intelligence chief Martin Weiss, who allegedly aided Marsalek in establishing a spy cell within Austrian security services on behalf of Moscow.
Grozev, a prominent figure in uncovering covert operations, recently relocated due to security threats. Journalistic inquiries in Austria have unveiled Ott's involvement in a break-in at Grozev's residence, where his computer and flash drive were reportedly stolen. The journalist was later declared wanted by the Russian Ministry of Internal Affairs, adding another layer of intrigue to the unfolding scandal.
The political landscape further complicates matters, with Austria approaching parliamentary elections. Herbert Kickl, leader of the far-right "Freedom Party" and a former interior minister during the period of alleged Russian activity, stands at the forefront of public scrutiny.
European Defense Commissioner Andrius Kubilius has called for a significant increase in defense spending among EU member states, suggesting that nations allocate 3% of their GDP to military budgets
Austria has officially announced that it is lifting its veto on Bulgaria and Romania’s accession to the Schengen Area by land
The European Union (EU) and Mercosur countries have reached a landmark agreement to establish one of the world's largest trade deals
French President Emmanuel Macron has pledged to continue serving his full five-year term despite the political turmoil following the resignation of Prime Minister Michel Barnier after a no-confidence vote
European Defense Commissioner Andrius Kubilius warned that if the West fails to provide sufficient military support to Ukraine, Russia could seize the opportunity to target an EU country
French Prime Minister Michel Barnier is set to resign after his government was toppled by a no-confidence vote, marking the first such ousting in over six decades and just three months after taking office
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