Baltic States Cut Energy Ties with Russia, Join EU Power Grid
The Baltic states of Estonia, Latvia, and Lithuania have officially disconnected from Russia’s electricity grid and successfully integrated into the European Union’s power network
Greece's deficit and public debt for 2011 are higher than originally estimated, provisional figures released on Monday by the Greek national statistics authority showed.
According to the provisional data, the Greek budget deficit for 2011 stood at 9.4% of GDP, and the public debt at 170.6% of GDP.
Meanwhile, also on Monday, the European Commission said it hopes Greece and its international creditors will reach within days an agreement on extra measures Athens must take to get its next tranche of bailout funds.
Officials from the EU, International Monetary Fund and the European Central Bank were working with Greece and making progress, a spokesman for European Economic Affairs Commissioner Olli Rehn said, as cited by The Economic Times.
"What we hope for is a staff level agreement in the next few days ... we are getting close," the spokesman said, adding when asked if euro zone finance ministers were ready to meet on the issue, that there were no such plans.
Talks have been underway for months between the EU-IMF-ECB troika and Greece on the new austerity measures worth EUR 13.5 B that Athens must accept in return for some EUR 31.5 B in aid funds.
Once the EU-IMF-ECB troika officials reach a technical accord with Athens, the deal must then go to their respective leaders for final approval of the terms and clearance of the funds.
Greek Finance Minister Yannis Stournaras said at the weekend that Athens would redouble its efforts to reach a deal after the government warned it could run out of money by next month.
"We have completed 90% of the road ... we have almost reached the end and now we have to give answers to the subjects that are still outstanding.
"It would be a waste of all this national effort if we don't succeed," Stournaras said.
Bulgaria's Minister of Defense Todor Tagarev admitted the possibility that an explosive device might have been planted on board the crashed plane in which Yevgeny Prigozhin was traveling
The European Commission has announced that it is preparing criminal proceedings against Bulgaria, Cyprus, Greece, Malta, and Portugal for incorrect application of the rules on the exchange of data on criminal records and the establishment of the relevant
The European Commission has started an evaluation of the Plan for Reconstruction and Development of Bulgaria, said the spokesman of the European Commission Eric Mamer. The document was submitted to the Commission on 15 October.
58% of Bulgarians do not support the introduction of the euro as the official currency in the country. This shows a study prepared by Trend agency specifically for the financial forum NEXT DIFI 2021, organized by b2b Media for the fifth year. The data dur
Too late Bulgaria began to explain its own position towards North Macedonia, as it should have been clear to our European partners some time ago.
An SPD-led government in Germany has significant potential to sharpen international attention to the problems of corruption in Bulgaria.
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