Alarming: Sharp Surge in Bulgaria’s External Deficits Signals Growing Financial Vulnerabilities
In April 2025, Bulgaria recorded a current account deficit of 724.9 million euros, marking the largest monthly shortfall since January 2022
The Swiss bank Credit Suisse will take a short-term loan of up to 50 billion Swiss francs from the Swiss National Bank.
The bank, whose shares collapsed yesterday on the Swiss stock exchange, announced in parallel a series of debt buybacks for around 3 billion Swiss francs. Yesterday, the bank's share price fell by 24.24 percent.
The market capitalization of Credit Suisse, one of the world's 30 banks deemed too big to fail, fell to just under 6.7 billion Swiss francs. This precipitous decline began after the head of the Saudi National Bank, Credit Suisse's largest shareholder, said it would not pour more money into the Swiss financial institution due to regulatory restrictions.
European market indices ended trading with a crash yesterday and there were fears of a new financial crisis. The problems in the banking sector started last week, after the collapse of the American Silicon Valley Bank and Signature Bank.
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European Central Bank President Christine Lagarde has called on Europe to take advantage of a unique moment to elevate the euro’s status on the global stage
The death toll from Russia’s latest overnight missile attack on Kyiv has risen to 22
Missile exchanges between Israel and Iran entered a sixth consecutive day on Wednesday, intensifying an already volatile crisis across the Middle East
The European Commission has introduced a draft regulation aimed at ending the European Union’s reliance on Russian gas and oil by the close of 2027
At least 59 Palestinians were killed and more than 200 injured on Tuesday after Israeli tanks opened fire on crowds in Khan Younis
The International Atomic Energy Agency (IAEA) has confirmed that Israel has carried out direct strikes on a significant Iranian nuclear site
Borderless Bulgaria: How Schengen Benefits Are Transforming Trade and Logistics
Bulgaria's Mortality Rate Remains Highest in Europe