Bulgaria is not prepared to introduce the euro on January 1, 2025, as it fails to meet one of the four criteria for eurozone entry-the inflation level. This was highlighted in a report by the European Commission, adopted on June 26. A spokesperson for the European Commission stated that while Bulgaria currently did not meet…
Polish state energy giant Orlen has opened its first publicly available hydrogen refuelling station. The facility – the first of 100 Orlen plans to open in Poland and neighbouring countries until 2030 – is part of the firm’s efforts to move away from its traditional focus on oil and towards greener forms of energy. The…
The International Atomic Energy Agency (IAEA) has reported the destruction of the ZNPP external radiation monitoring station, which is currently under Russian occupation. Director General Rafael Mariano Grossi stated that the Zaporizhzhia Nuclear Power Plant (ZNPP) had informed the IAEA that the external radiation monitoring station was destroyed by shelling and fire last week, further…
Ukraine has a significant potential for the development of life insurance, which can become a source of long-term funds for the economy. First Deputy Governor of the National Bank Kateryna Rozhkova said this during a meeting with representatives of life insurance companies and industry associations. “Ukraine has the potential to develop this segment of insurance…
Bulgarian National Bank Governor Dimitar Radev emphasized in a recent BNT documentary that the delay in Bulgaria’s entry into the Eurozone was primarily a political issue. According to journalist Nadia Obretenova, who interviewed Radev for the documentary “The Way of Money”, the governor highlighted the central bank’s policies aimed at monitoring bank lending, which were…
In a letter to the European Union (EU) president, Poland, Lithuania, Latvia and Estonia called on the EU to build a defence line along the border with Russia and Belarus to protect the EU from military threats and other harmful actions, stressing that the project, which would protect the 27 countries’ 450 million citizens, would…
Bulgaria is expected to adopt the euro at the beginning of 2026, rather than mid-next year, as previously forecast. This update was provided by acting Deputy Prime Minister and Minister of Finance Ludmila Petkova, who emphasized the need for technological time to meet the final criterion for euro adoption. Following this, new convergence reports must…