Bulgaria's Retail Sales Surge as EU Faces Decline
Retail sales across the European Union showed a decline in December, with both the eurozone and the EU reporting decreases
Christine Lagarde resigned as director of the International Monetary Fund (IMF). The decision will enter into force on September 12. This is said in a statement by Lagard, distributed by the financial institution.
"I met the Executive Board and applied for resignation, which will come into force on September 12. The refusal of my commitments, which was announced earlier, will remain in force until now," the statement said. Lagarde has decided to resign "in the interest of the fund because it will speed up the process of choice" to her successor.
"The Executive Council will now take the necessary steps to move the process of electing a new director, and David Lipton will remain our acting director," she said.
At the EU summit on 2 July, Lagarde's nomination was elected President of the European Central Bank. In that regard, Lagarde announced on the same day that she would temporarily suspend her job as a director.
Earlier, Reuters announced she had not resigned immediately because she was not convinced that her candidacy would be approved by the European Parliament.
The European Commission has launched investigations into Chinese e-commerce giants Temu and Shein over concerns related to consumer protection
Teodora Georgieva, the head of the Bulgarian office of the European Public Prosecutor’s Office (EPPO), raised serious concerns at a legal conference in Sofia on Tuesday, accusing Bulgarian authorities of obstructing investigations
Bulgarian MEP Andrey Novakov stated in an interview with BNR that there have been no discussions about deploying European military units to Ukraine
Sweden and Latvia are preparing to seek compensation for the damages caused by the fiber optic cable disruption in the Baltic Sea, as confirmed by the Prime Minister of Latvia
The European Union is preparing to impose retaliatory measures on the United States if President Donald Trump follows through on his threat to levy tariffs on the bloc
Gas supplies to Transnistria have resumed after a month-long disruption, restoring heating to apartments in the breakaway region
Bulgaria's Perperikon: A European Counterpart to Peru's Machu Picchu
Bulgarians Among EU's Least Frequent Vacationers, Struggling with Affordability