Romania Edges Closer to Visa-Free Travel to the US
Romania is making strides toward joining the Visa Waiver Program, a significant milestone that would enable its citizens to travel to the United States visa-free for up to 90 days
PayPal's global payment system is pulling out of the Libra Association, created to launch the future Facebook cryptocurrency of the same name.
PayPal was one of the 28 corporate members of the association. All founders were expected to invest a minimum of $ 10 million to fund the operating costs of the project. However, these investments have not yet been made. This week The Wall Street Journal reported that Visa, Mastercard and other financial partners in the association are also in the process of reviewing their participation after a government response. They have received letters from the Treasury asking for a full review of their anti-money laundering programs and how Libra's digital currency will fit into them. However, when member companies of the association asked Facebook for information on these issues, they did not receive detailed answers.
So Mastercard and Visa have reconsidered participating in Facebook's cryptocurrency.
PayPal, however, is the first partner to take a radical step away from the project. “PayPal has made the decision to forgo further participation in the Libra Association at this time and to continue to focus on advancing our existing mission and business priorities,” a spokeswoman for PayPal, Amanda Coffee, wrote in an email on Friday. Withdrawing the company could mean the association is beginning to break up, observers commented.
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As the May holidays mark the onset of sea tourism, Bulgarians and foreigners preparing for their annual getaways are facing a stark reality: trips this year will come with a heftier price tag
Sofia, the vibrant capital of Bulgaria, is experiencing a surge in its economic landscape, surpassing the average European standard of living, according to senior researcher Peter Ganev from the Institute for Market Economics
Mounting uncertainty looms over Bulgaria's anticipated entry into the Eurozone, with officials cautioning that the prospect may be delayed amidst persisting inflation challenges
In an unexpected turn, Bulgaria and Turkey have been notably absent from the list of the ten cheapest European summer destinations for British tourists
According to the latest data released by the National Statistical Institute, Bulgarian household incomes experienced a remarkable surge in 2023, reaching an average of BGN 10,846 per household member.
The National Statistical Institute's latest report unveils a marginal annual increase in the income of Bulgarians in 2023 compared to their expenses, marking a reversal of the trend observed in 2022
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022