The Euro Effect: Austria’s Economy, Nostalgia, and the Path Ahead for Bulgaria
Austria’s transition from the schilling to the euro offers a revealing example for Bulgaria, which is set to adopt the single currency in less than three months
Austria will hold three days of national mourning following the deadly school shooting in the city of Graz, which left ten people dead. The attacker, a 21-year-old former student of the school, took his own life after carrying out the rampage. This is the most fatal incident of its kind in Austria’s recent memory, leaving the country in collective grief and disbelief.
“There is an overwhelming sense of sorrow and devastation across Austria. The entire nation is mourning,” said Vienna-based journalist Martina Shopova-Yanev in an interview with Nova TV. She added that there is still scarce information about the shooter and that his motive remains unknown.
Despite officials stating this was not a terrorist act, the situation in Graz feels very much like one. “People are scared, shaken. There’s a strong atmosphere of terror and panic,” Shopova-Yanev noted. According to her, the attacker had no prior record with police before the shooting. Authorities have found no indication of previous offenses or any known mental health issues.
The gunman, who once studied at the school but did not graduate, carried out the shooting in a classroom where he had previously attended lessons. It was also confirmed that the firearms he used were registered and legally obtained.
Shopova-Yanev emphasized that the authorities have deliberately limited public information about the attacker. The priority, she said, is currently on helping the families of the victims and offering psychological support to the students who were present during the tragedy.
Nearly all Bulgarian exports to Mercosur countries are set to benefit from the EU trade agreement approved on Friday, according to European Commission data. The pact, the largest in EU history, covers Argentina, Brazil, Paraguay, and Uruguay.
EU member states have given political approval for the long-delayed free trade agreement between the European Union and the Mercosur bloc, clearing a key procedural hurdle after more than two decades of negotiations.
French President Emmanuel Macron criticized the United States for moving away from its traditional alliances and undermining multilateral institutions in a speech to French ambassadors on Thursday
US Vice President JD Vance on Thursday sharply criticized Europe for not adequately safeguarding Greenland against Russian and Chinese influence. Speaking at the White House, Vance urged European leaders to “take the president of the United States serious
In November 2025, the unemployment rate across the eurozone dropped to 6.3%, marking a seven-month low and edging close to the historic record of 6.2% recorded shortly before the euro’s introduction in January 1999
Bulgaria has begun operating a new system to monitor travelers from non-EU countries at its external borders, now in its second day of implementation.
Bulgaria's Strategic Role in the EU's Drone Wall Defense Initiative
When Politics Means Violence