Bulgaria supports sanctions on Russia as a means to halting its invasion of Ukraine, but will likely seek an exception on banning Russian natural gas and oil imports if such a proposal is put forward, Prime Minister Kiril Petkov said.
Eurozone economic sentiment dropped more than expected last month while inflation hit another record high, indicating the economy is under renewed stress as surging coronavirus infections force governments to tighten restrictions.
Europeans have been living with euro banknotes and coins for 20 years now, but many still point the finger at the single currency for covertly driving up consumer prices -- despite plenty of evidence to the contrary.
Greece plans to tap bond markets next year to borrow 12 billion euros ($13.6 billion), including issuing its first green bond, its debt agency (PDMA) said on Thursday as it outlined its 2022 funding strategy.
European Union leaders reiterated on Thursday (16 December) their political commitment to finishing the bloc's banking union, but set no date for it, underlining the deep disagreements between governments on what needs to be done to get there.
So often the source of rows between its members, the European Union starts reviewing its rules for national budgets to fit a post-pandemic reality of higher public debt and the huge costs of transitioning to a zero-emissions economy.
The eurozone economy will grow faster than previously thought both this year and next, the European Commission said on Wednesday (7 July), despite emerging concerns the fast-spreading Delta variant of the coronavirus could lead to new restrictions.
The volume of retail sales in the euro zone rebounded in June to levels recorded in February before lockdowns, official estimates showed on Wednesday (5 August), completing a recovery that began in May after record drops in March and April.
A decision by European leaders to issue joint debt to finance coronavirus aid for weaker member states should remain an exemption and not serve as a blueprint for future budget challenges, Bundesbank President Jens Weidmann said on Sunday (26 July).
Most analysts expect the European Central Bank on Thursday (4 June) to beef up its emergency bond-buying scheme with hundreds of billions of euros to weather the coronavirus pandemic, providing governments with the breathing space to decide their own response.
European Central Bank chief Christine Lagarde has responded to a recent German court ruling that challenged the bank's authority by saying the ECB is an independent institution, accountable to the European Parliament, that will continue to do whatever it takes to deliver its mandate.
The European Central Bank has launched a series of never-before-seen measures to cushion the economic blow from the coronavirus pandemic but it looks set to reaffirm Thursday (30 April) it will do more still, even if some of the options appear limited.
German Chancellor Angela Merkel signalled readiness on Monday (20 April) to finance economic recovery in Europe from the coronavirus pandemic through a bigger European Union budget and the issuance of joint debt via the European Commission.
This crisis is also teaching us logistical lessons, and particularly the need to produce things at home or closer to home. Eastern Europe remains competent and cheaper, and can make the difference in the EU supply chain, writes Radu Magdin.
EU countries are nearing an economic rescue plan for European countries worst hit by the coronavirus outbreak, sources said on Monday (6 April), but not at the level of ambition called for by Italy and Spain.
The European Commission is ready to consider backing common debt issuance in the eurozone to help the bloc weather the massive economic impact of the coronavirus outbreak, its president said on Friday (20 March).
European Union finance ministers plan to agree on Monday (16 March) on a coordinated economic response to the coronavirus pandemic, with the European Commission forecasting the effects of the virus could push the EU into a recession. The action would...
The death toll from an outbreak of coronavirus in Italy has risen to 34, five more than a day earlier, officials said on Sunday (1 March), as the government prepared to boost spending to help the fragile economy.
Eurostat and the European Commission have been informed of a serious problem with the reporting of the balance of payments of the Bulgarian economy to the EU institutions, which may have presented the country's GDP growth as much higher than it is. EURACTIV Bulgaria reports.