Bulgaria

Europe in recession, no engines of growth

bne IntelliNews December 9, 2023

The latest GDP figures show that the eurozone contracted in the third quarter and looks like it will do the same in the last three months of the year, falling into a continent-wide recession.

International banking groups mull expansion in CEE region

bne IntelliNews December 6, 2023

Half of the cross-border banking groups active in Central, Eastern and South-Eastern Europe say they want to “selectively expand” in the region, shows the latest EIB survey.

Western brands’ adverts fund Russian disinformation in Southeast Europe

bne IntelliNews December 6, 2023

Disinformation poses threats to stability and democracy and contributes to tensions and violence in the multi-ethnic communities of Bosnia and Kosovo, says report by Balkan Free Media Initiative and CRTA.

Lukoil mulls sale of Bulgarian refinery, petrol stations

Denitsa Koseva in Sofia December 5, 2023

Russian oil company to reassess its presence in Bulgaria and could sell its business after Bulgarian parliament banned imports of Russian oil from March 2024.

CENUSA: The EU must not allow mistakes over Ukraine to compromise its expansion policy

Denis Cenusa in Giessen December 5, 2023

European military-financial support for Ukraine's defence efforts and its political-strategic support for ​​Ukraine's European accession are interdependent. They can have a positive influence on each other or can obstruct each other.

Bulgaria’s president vetoes armoured vehicles for Ukraine

Denitsa Koseva in Sofia December 4, 2023

Radev has become openly pro-Russian since the start of the war in Ukraine and strongly opposes military aid for Ukraine.

ING: Consumer not ready to change what they eat to help the environment

ING December 1, 2023

By wasting less food and eating less meat and dairy, consumers can help to slow down climate change. However, consumers in the EU have barely changed their diets.

Russian Foreign Minister Lavrov lashes out at West at OSCE meeting in Skopje

Valentina Dimitrievska in Skopje November 30, 2023

North Macedonia's decision to open airspace to allow Lavrov to attend sparked a boycott by Ukraine, Poland and the Baltic states.

COP28: All the climate crisis warning lights flashing red – in charts and maps

Ben Aris in Berlin November 29, 2023

The great and good have assembled in UAE’s capital of Dubai for the COP28 conference to hash out a plan to avert the looming environmental disaster, but its probably too late.

ING: What companies and investors should know about COP28

ING November 29, 2023

COP28 will focus on ramping up efforts and investment in climate mitigation, adaptation and loss and damage control. It's now crucial that companies invest in clean technologies, harness climate finance opportunities and contribute to systems change.

Baltic foreign ministers boycott OSCE meeting to be attended by Russia's Lavrov

bne IntelliNews November 29, 2023

Host North Macedonia and Bulgaria have suspended Western sanctions to allow Lavrov to fly into the Nato member state for the OSCE conference.

COMMENT: Falling EM inflation enters a second phase, but rate cuts will progress slowly in 2024

bne IntelliNews November 28, 2023

Inflation rates are coming down across the Emerging Markets and are now entering a second phase, Capital Economics said in a note on November 28. Central Banks are getting ready to cut interest rates but rate cuts will come slowly.

VISEGRAD BLOG: Europe's populist surge can still be contained

Robert Anderson in Prague November 27, 2023

Hungarian premier Viktor Orban rejoices in 'winds of change' after victory of Geert Wilders’ radical right-wing Freedom Party in the Dutch general election.

Heavy snowfalls leave half Bulgaria without power

Denitsa Koseva in Sofia November 27, 2023

The heaviest snowfalls in more than a decade cut power to 1,000 towns and villages and blocked key roads and railways.

Ukraine EU accession talks will be "difficult", European Council President Michel says

Ben Aris in Berlin November 23, 2023

The President of the European Council, Charles Michel, predicts that the December summit on Ukraine's accession to the EU will be “difficult".

Illegal caviar trade flourishing in Southeast Europe

bne IntelliNews November 23, 2023

Around half of the commercially available caviar products in Bulgaria, Romania, Serbia and Ukraine are illegal, according to a new study.

Bulgaria had EU's biggest population slump in pandemic year 2021

bne IntelliNews November 21, 2023

EU regions with the steepest population loss were all in Bulgaria, led by Vidin with a loss of 25.7 per 1,000 people.

INTERVIEW: Green transition must be a just transition, says EBRD chief economist

Clare Nuttall in Glasgow November 21, 2023

EBRD research shows majority in transition countries believe climate change will severely affect the children of today, but fewer people are willing to pay to address the climate emergency.

Bulgaria’s government close to collapse amid tensions over Russian oil imports

Denitsa Koseva in Sofia November 17, 2023

Two of the three formations behind Bulgaria's government are threatening to pull out after disagreements over the end of the derogation for Russian oil imports.

PPF hunts for opportunities in Balkans as it retreats west

Robert Anderson in Bucharest November 15, 2023

Czech financial group is in the process of selling or scaling down its once sizeable consumer credit operations in Russia, China and Southeast Asia.

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