Bulgaria

A collection of 139 posts

Romania overtakes Hungary on PPP

Romania overtakes Hungary on PPP

Romanians have been consuming more than Hungarians, Budapest-based business website Portfolio writes, and now it has become clear why: wages were already higher in Romania than in Hungary last year. “Regarding purchasing power parity (PPP), 2023 was the first year when the wages of our eastern neighbour came before us,

IMF report shows CEE catching up on southern European neighbours

IMF report shows CEE catching up on southern European neighbours

Per capita income in Slovenia will surpass that of Italy by 2029 when adjusted for purchasing power (PPP), according to the latest International Monetary Fund (IMF) projections, while Lithuania will draw level and Poland will not be far behind. The shift makes good on promises that the Central and Eastern

Westinghouse increasingly central to CEE’s shift from Russian nuclear industry

Westinghouse increasingly central to CEE’s shift from Russian nuclear industry

US nuclear firm Westinghouse Electric Company has signed memorandums of understanding (MOUs) with 17 Bulgarian suppliers to support the construction of two AP1000 reactors at the nuclear power plant in Kozloduy, north Bulgaria, and received a permit to begin transitioning to using fuel it has produced. As well as Bulgaria,

CEE members mark accession anniversaries as NATO vows to back Ukraine

CEE members mark accession anniversaries as NATO vows to back Ukraine

NATO Secretary General Jens Stoltenberg agreed to progress with planning a greater role in coordinating aid to Ukraine on the first of two days of meetings at the NATO Headquarters in Brussels, Belgium, on Thursday 4 April, the 75th anniversary of the signing of the defence alliance’s founding document.

Bulgaria, Romania part-join Schengen zone

Bulgaria, Romania part-join Schengen zone

Romania and Bulgaria partly entered the Schengen free movement zone at midnight Sunday, 31 March, meaning air travel and freight, and sea freight in and out of the Central and Eastern Europe (CEE) countries no longer requires document control. The two countries’ partial Schengen membership does not include land routes

Albania tops region for sustainable energy mix

Albania tops region for sustainable energy mix

The share of renewable sources in gross final energy consumption at the EU level reached 23% in 2022, up 1.1 percentage points (pp) year-on-year, the bloc’s statistics office Eurostat reports. The EU’s revised Renewable Energy Directive has upped the bloc’s 2030 renewable energy target from 32%

Austria softens on Romania, Bulgaria in Schengen

Austria softens on Romania, Bulgaria in Schengen

1 min read Austria, Bulgaria, Romania

In recent months, Austria’s stance on Romania and Bulgaria’s Schengen Area accession has been shifting, particularly in terms of air travel. Now Austria has proposed a conditional easing of its stance via “Air Schengen,” an initiative that would allow passport-free air travel for these two countries while maintaining

Bulgaria's ITN wants to join ECR party family

Bulgaria's ITN wants to join ECR party family

Bulgarian populist formation There Is Such a People (ITN) has declared its intention to align with the centre-right European Conservatives and Reformists (ECR) if it wins seats at the EU elections next June. Formed 2 years ago and currently polling at around 5%, ITN stands a real chance of securing

CEE gets EU funds for cross-border 5G

CEE gets EU funds for cross-border 5G

The EU has selected seven projects to co-fund 5G transport corridors connecting regions throughout Europe, improving road, rail, inland waterways, and multimodal transport. They will support 5G infrastructure deployment over cross-border sections of 5G corridors and ensure service continuity when border crossing.  Central and Eastern Europe (CEE) is well represented

CEE inflation eases, but V4 still EU outliers

CEE inflation eases, but V4 still EU outliers

Hungary remained the EU’s most inflationary economy with an annual rate of 9.6% in October, an EU statistics office Eurostat report released Friday 17, November revealed. On the upside, this was the first time Hungary’s inflation rate had fallen to single digits since April 2022. The EU’