Cabinet Moves Forward on Bulgaria’s OECD and Eurozone Integration Efforts
The Bulgarian government has adopted decisions related to the country’s accession to the eurozone and the Organization for Economic Cooperation and Development (OECD)
Standard & Poor's has raised Croatia's credit rating from BBB+ with a positive outlook to A- with a positive outlook, as reported by the information portal dnevnik.hr and quoted by BTA. This marks the highest credit rating in Croatia's history, following the country's adoption of the euro on January 1, 2023.
Prime Minister Andrej Plenković commented that the upgraded rating will benefit citizens, businesses, and companies by enabling lower interest rates on loans and providing more favorable market conditions.
Employers believe that the improved credit rating will boost foreign investment by signaling that Croatia is a stable and attractive destination for investors. Irena Weber, CEO of the Croatian Employers' Association, emphasized that the rating influences the country's financial stability and the perceived risk of its economy. She expects significantly lower interest rates for both individuals and businesses compared to other European countries, noting that such conditions were once unimaginable for Croatia 15 years ago.
However, Weber stressed that further improvements in the credit rating will depend on continued tax cuts and reforms, particularly in the areas of justice and healthcare. She pointed out that healthcare contributions, which currently stand at 16.5%, are a significant burden on wages and should be addressed.
The European Parliament has reiterated its refusal to recognize the self-proclaimed authorities of Georgia
A major police operation is underway in Munich after a car plowed into a crowd of demonstrators near the city's central train station
The European Commission has referred Bulgaria, along with Spain, Hungary, the Netherlands, Austria, Portugal, and Finland, to the Court of Justice of the European Union for failing to transpose
The European Public Prosecutor’s Office has brought charges against the owner and manager of a company in connection with suspected fraud in a public procurement for trolleybuses in Vratsa, Bulgaria
The European Commission has warned that it will take retaliatory measures if the United States moves forward with new tariffs on steel and aluminium
The authorities in Transnistria, a self-declared breakaway region of Moldova, have rejected €60 million in aid offered by the European Union to address the region’s ongoing energy crisis
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