ECB Sets Timeline for Digital Euro, Eyes 2029 Launch
The European Central Bank (ECB) has confirmed that the introduction of a digital euro will proceed only once the necessary legislative framework is established by European institutions
The Republic of North Macedonia's plan for utilizing funds from the EU's Western Balkans growth initiative was prepared two weeks ago, and the country is now awaiting approval from the European Commission, according to Prime Minister Hristijan Mickoski in an interview with Telma TV, reported by BTA.
Mickoski criticized some of the projects initiated by the previous government, citing the railway line to Bulgaria, a segment of transport Corridor 8, as an example. He argued that this project is unfeasible, describing it as ending in a dead end or a half-tunnel without a clear continuation towards the Black Sea. Mickoski warned of potential sanctions up to 750 million euros if the project is not addressed properly.
He suggested reallocating the funds to modernize the railway line on Corridor 10 instead, which would enhance the speed of trains from 30 km/h to 100 km/h. Mickoski proposed increasing the budget for Macedonian Railways - Infrastructure and acquiring five new locomotives to improve train operations across the country.
Transport Minister Alexander Nikoloski also emphasized the importance of Corridor 10, which links Austria, Slovenia, Croatia, Serbia, North Macedonia, and Hungary with Greece. He mentioned plans to negotiate with donors of the Corridor 8 project to redirect funds towards Corridor 10.
In North Macedonia, the eastern section of the Corridor 8 railway, intended to connect with Bulgaria, has been financed through a pre-accession grant from the EU's "Financial Framework for the Western Balkans" and loans from the EBRD and the EIB. The tender procedure for this project concluded in the last week of June.
Russian Ambassador to Serbia Alexander Botsan-Kharchenko delivered sharp criticism of Bulgaria, highlighting its EU membership as a complicating factor in the delivery of Russian gas to Serbia
According to the 2025 Corruption Perceptions Index (CPI) released by Transparency International, Serbia has recorded its lowest ranking in 20 years, placing 116th out of 182 countries and territories
The Romanian government is moving to reshape the country’s economy by shifting the focus from consumption-driven growth to investment-led development, according to Finance Minister Alexandru Nazare.
Sinisa Karan has been confirmed as the new president of Republika Srpska following a repeat early election held to replace the banned Bosnian Serb leader Milorad Dodik, according to final results.
At least 14 people have died after a migrant speedboat collided with a Greek coastguard patrol vessel near the eastern Aegean island of Chios, according to Greek authorities. The incident occurred at sea, prompting an immediate large-scale search and resc
Greek national security agencies have launched an investigation into the growing number of land and property acquisitions in Northern Greece by citizens from Bulgaria and Turkey
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