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A man passes by anticapitalist graffiti in dowtown of Nicosia, Cyprus, 19 March 2013. Photo by EPA/BGNES
The Cypriot Parliament has expectedly rejected the international bailout package that involves taxing ordinary depositors to pay part of the bill.
There were zero votes in favor, 36 votes against, and 19 abstentions. Cyprus's Parliament has 56 seats.
Lawmakers voted on the plan late on Tuesday, hours after President Nicos Anastasiades said they were likely to reject it.
The BBC has reminded that the country's Finance Ministry had proposed exempting savers with smaller deposits, but opposition remained fierce.
EU Finance Ministers had warned that Cyprus's two biggest banks will collapse if the deal does not go through in some form.
From August, the familiar large digital boards and fuel pumps at gas stations across Bulgaria will not be showing prices simultaneously in both leva and euros
Bulgarian President Rumen Radev has accused government officials and commentators of spreading "brazen lies" about the controversial gas contract with Turkey’s state-owned company Botas
The adoption of the euro inevitably brings a degree of unease and uncertainty, much like the introduction of the currency board in the 1990s
Loan interest rates in Bulgaria are expected to stay stable even after the transition to the euro
The Ministry of Finance has introduced an online currency conversion calculator, now available on the official euro adoption website for Bulgaria - evroto.bg
Euro banknotes stand as a powerful symbol of European unity, with over 29 billion notes circulating across the continent, collectively worth more than €1.5 trillion
As of January 1, 2025, the population of the European Union reached 450.4 million people
US President Donald Trump is set to authorize weapons shipments to Ukraine using the Presidential Drawdown Authority, marking his first direct military aid package to Kyiv since his return to office
The United Nations sounded the alarm on Thursday over a steep rise in civilian casualties in Ukraine and worsening living conditions for millions of children, amid an escalation of Russian attacks using drones and long-range missiles
President Donald Trump intensified his confrontational trade agenda late Thursday by announcing a proposed 35% tariff on Canadian imports
The U.S. Department of Justice has publicly denied the existence of any so-called "client list" connected to Jeffrey Epstein
The European Parliament has rejected a motion of no confidence against the European Commission led by Ursula von der Leyen
Borderless Bulgaria: How Schengen Benefits Are Transforming Trade and Logistics
Bulgaria's Mortality Rate Remains Highest in Europe
