Bulgarian Businesses Sound Alarm Over Soaring Electricity Prices, Demand European Compensation
Businesses in Bulgaria remain on high alert, described as "code yellow," due to persistently high electricity prices
In Greece, the aftermath of devastating fires and prolonged droughts has led to a sudden surge in food prices, which have risen by over 30%. The fires, which have destroyed more than 100 homes and devastated large areas of farmland, have left only ashes where once thriving greenhouses near Marathon stood. As a result, the local supply of fruits and vegetables has plummeted.
With Greek produce in short supply, traders have turned to imports to meet demand. Watermelons are now being sourced from Albania, potatoes from Egypt, tomatoes from Turkey, and 62% of peppers are imported, according to the Consumers Union. The increase in food prices has been significant, with lamb now costing 16 euros per kilo, a sharp rise attributed to both the impact of recent plague restrictions and ongoing drought conditions, which have led to irrigation bans in some areas.
The fires, particularly those affecting Attica, have been described as an environmental disaster by opposition lawmakers, who have criticized the government for its inability to manage the resultant market speculation. In the past 24 hours alone, 47 new fires have broken out, though most have been contained. Authorities have issued a high-risk warning for several regions, including islands in the Aegean Sea, as well as Attica, Corinth, and the Peloponnese.
Bulgaria has extended an offer to North Macedonia
In 2025, Turkey has implemented significant increases in toll fees for motor vehicles using its highways
Serbia's President Aleksandar Vucic has proposed his country as a potential venue for a meeting between Russian President Vladimir Putin and the next US president, Donald Trump
Zoran Milanović has secured a second term as Croatia's president, winning an overwhelming 74.6% of the vote in the January 7 runoff election
Romania's Energy Minister, Sebastian Burduja, has announced the country's request for a three-year extension to the operating period of its coal-fired power plants
Bosnian Serb leader Milorad Dodik has threatened that Republika Srpska will secede from Bosnia and Herzegovina if the Bosnian judiciary bans him from political activities
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