Serbia’s EU Path in Question: No Progress, Closer Ties with Russia, EP Warns
The European Parliament (EP) has expressed disappointment over Serbia’s lack of progress in advancing EU accession negotiations
Starting from September 1, 2025, companies transporting goods by land into the European Union will be required to submit advance customs information via the new ICS2 (Import Control System 2). This change will impact transport companies, forwarders, and all participants in international trade. Under the new system, detailed data must be provided for each shipment, including commodity codes, transport documents like CMR, container numbers, and EORI details. The purpose of the system is to enhance control and enable risk analysis before goods even reach the border.
Although penalties won't be imposed until September 2025, companies are encouraged to begin preparing now. Transport and international law expert Ventsislav Trendafilov emphasizes the importance of early preparation—both technical and documentary. He stresses that timely action can help avoid logistical delays and potential fines down the line.
The main objective of ICS2 is to conduct risk analysis ahead of the arrival of goods at the border, bolstering customs security and preventing the entry of risky or illegal imports. To ensure smooth compliance, Trendafilov advises affected carriers to register as economic operators with a valid EORI number, train staff on the new system, and consult with customs and legal professionals to update contracts and procedures.
On May 14, 2025, the first conference in Bulgaria fully dedicated to the development and implementation of a Deposit Return System (DRS) was held at the Sofia Balkan Palace Hotel
The European Bank for Reconstruction and Development (EBRD) has introduced its Star Venture programme in Bulgaria
During the Investor.bg Banking Today conference, held on May 13 at the Inter Expo Center, Prof. Raul Eamets emphasized that Bulgaria is practically already linked to the euro due to the currency board
Turkey has significantly increased its natural gas exports, with a notable surge driven by the development of the Sakarya gas field in the Black Sea
Cryptocurrency Monero is the 2nd best performer of all coins listed on CoinMarketCap and the best performer of the top 50 coins, having risen 57% since the turn of the year.
Bulgaria has reported a deflation rate of -0.8% for April 2025, with annual inflation recorded at 3.5%
Google Street View Cars Return to Bulgaria for Major Mapping Update
Housing Prices Soar in Bulgaria’s Major Cities as Demand and Supply Strain Increase