Bulgaria’s Housing Market Soars Ahead of Euro Adoption with 15% Annual Price Increase
Bulgaria’s housing market is experiencing robust growth, driven by strong demand and limited high-quality supply
Hungary’s Prime Minister Viktor Orban has reiterated his stance against adopting the euro, citing concerns over the European Union’s ongoing “disintegration” and warning that Budapest should avoid further entanglement with the bloc. In an interview with the economic website EconomX, Orban argued that tying Hungary’s economy more closely to the EU’s monetary framework would be unwise given the current state of the union, according to reports from Reuters.
On monetary policy, the prime minister commented on the Hungarian central bank’s key interest rate of 6.5 percent, describing it as “higher than it could be.” He noted that any interest rate cuts will likely proceed “much slower than we would like” due to the cautious approach of central bank governor Mihaly Varga.
Orban also addressed EU enlargement, specifically Ukraine’s potential accession. Speaking to public radio Kossuth, he reaffirmed his opposition, insisting that Hungary retains the right to block further EU expansion. He emphasized that Hungary does not seek a political alliance with Kyiv and instead favors a separate agreement between Ukraine and the European Union.
“From a strategic perspective, we prefer Ukraine to remain a buffer between Hungary and Russia,” Orban said, framing his position as a security consideration rather than a purely political stance. His remarks signal a continued cautious approach to EU integration and regional geopolitics.
The Eurogroup meeting concluded with an official decision that clears Bulgaria to join the European Stability Mechanism
The Court of Justice of the European Union has rejected claims that it has issued a ruling blocking Bulgaria’s planned entry into the eurozone
Public support for the euro in the eurozone remains robust
EU legislators have reached a landmark agreement to end reliance on Russian gas by 2027, marking a decisive shift in Europe’s energy policy.
Ireland, Spain, Slovenia and the Netherlands have confirmed they will not take part in Eurovision 2026 after the European Broadcasting Union decided Israel can remain in the competition
The deadline for submitting entries to the European Press Prize is approaching, with the window remaining open until 23:59 CET on December 14
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