Bulgaria Nears Bottom of EU Rankings in Household Material Well-Being
In 2024, Bulgaria ranked near the bottom in the European Union when it comes to material well-being, placing second to last alongside Estonia
The high-profile fallout between Donald Trump and Elon Musk took center stage on Thursday, after the U.S. president voiced his strong displeasure with recent remarks by the billionaire entrepreneur, who was once both a close ally and major donor. The political clash quickly escalated into a personal war of words, with both men trading barbs across social media.
In the aftermath of the rift, questions emerged over Musk’s next move - particularly whether he might seek to expand or shift parts of his business to Europe. When asked about such a possibility during the European Commission’s regular press briefing, spokesperson Paula Pinho offered a light-hearted but clear response: “He’s very welcome,” she said, smiling.
Thomas Regnier, who handles tech-related issues for the Commission, added a more formal note. “Everyone is very welcome indeed to start and to scale in the EU,” he said, pointing to the bloc’s ongoing "Choose Europe" campaign, which is designed to attract startups and growing companies to the continent.
Despite Musk’s historically rocky relationship with Brussels - where he has railed against EU digital regulations and thrown his support behind far-right movements in Germany and elsewhere - his potential move across the Atlantic appears not to be discouraged. The Commission's message was notably open.
The Trump-Musk split appears to have been triggered by a provision in the new U.S. spending bill that would eliminate subsidies for electric vehicles - something Musk has strongly opposed. Trump, for his part, accused the Tesla boss of having gone "crazy" over the issue, and threatened to revoke federal contracts worth an estimated $18 billion. In retaliation, Musk reportedly pledged to pull the plug on a key U.S. space program.
The public feud had an immediate market impact as well, with Tesla shares taking a hit amid the turmoil.
At a meeting in Luxembourg on June 19, the finance ministers of EU member states unanimously endorsed the Eurogroup’s recommendation for Bulgaria to adopt the euro starting January 1, 2026
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The Eurogroup has given its full support for Bulgaria to join the eurozone
The convergence reports on Bulgaria, issued by the European Commission and the European Central Bank, are expected to receive broad support from all Eurozone countries
The TurkStream gas pipeline, which transits through Bulgaria on its way to the Western Balkans and Central Europ
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