English

Eurozone

Business

Digital euro enters final round of EU negotiations

ADVERTISEMENT

ADVERTISEMENT

Economy

ECB holds rates at 2% as inflation rises and eurozone growth slows

The European Central Bank has held interest rates at 2% for a third straight meeting, even as inflation rises and growth slows across the eurozone.

Economy

Inflation hits 3% in euro area as Iran war spreads oil price shock

Soaring oil prices linked to the Iran war pushed inflation higher in the euro area in April, while growth continued to underperform — a worrying combination for both consumers and policymakers at the European Central Bank.

Economy

IMF drops Eurozone's economic growth forecast to 1.1% from 1.4%

The International Monetary Fund (IMF) has adjusted its growth projection for the eurozone down to 1.1% from 1.4% for 2026 as prospects for the euro area dwindle amid higher inflation and reduced momentum.

Economy

ZEW index: German investor sentiment hits lowest level in a year

German investor morale has plunged to its lowest level in almost a year, with sentiment in the eurozone also deteriorating, as the Middle East conflict rattles European markets.

ADVERTISEMENT

Economy

Eurozone unemployment unexpectedly falls to record low

The eurozone job market showed modest improvement in January 2026, with the seasonally adjusted unemployment rate falling to 6.1%, an all-time low.

Europe News

'It's better for Poland to stay with the złoty,' Polish FM says

Andrzej Domanski said that that keeping the złoty as the national currency gives the economy greater flexibility at a time of global uncertainty, despite ongoing debates over deeper eurozone integration.

Economy

Croatia’s central bank chief nominated as next ECB vice president

Eurozone finance ministers unexpectedly selected the Croatian central bank governor to become the next VP of the European Central Bank. In a surprise move, an official from one of the euro's newest members will soon help shape European monetary policy.

No Comment

Bunlgaria's banks and shops report smooth euro transition

Bulgaria’s first days using the euro pass calmly, with banks, shops and customers adapting smoothly as both the euro and lev remain in use.

Europe News

Bulgaria switches to the euro amid mixed reactions from its citizens

Bulgaria has become the 21st country to adopt the euro, replacing the lev after nearly 20 years in the EU. While many hope it will boost the economy, concerns about inflation and political instability persist.

Europe News

What will joining the eurozone mean for the Bulgarian economy?

The Balkan country of 6.5 million people joined the EU in 2007 and formally began the process of joining the eurozone in 2018.

No Comment

Bulgarian protests continue against corruption and unfair judiciary

Bulgarian protesters continue to demand political change and an end to corruption despite the government's resignation. The eurozone transition adds pressure to the situation.

Economy

ECB holds interest rates as eurozone economic growth remains robust

The eurozone has managed to weather US tariffs more effectively than expected. Growth remains resilient, while inflation continues to hover around the ECB’s 2% target.

Business

Money talks, but is Spain listening? Unpacking Madrid's tax policy

As Europe doubles down on a competitiveness drive, experts warn that Spain’s tax policies could be hitting growth.

Economy

Biggest eurozone members see easing inflation except for Germany

Inflation figures from some of the biggest eurozone economies, including France, Spain, and Italy, show no immediate threat of price hikes. However, German inflation figures came in unexpectedly high.

Bulgaria

Bulgarian government withdraws budget draft after mass protests

Wednesday's protest in Sofia against Bulgaria's draft budget plan for 2026 drew an estimated 20,000 people, who demonstrated against a potential increase in social security contributions and the doubling of the dividend tax.

Bulgaria

Thousands protest new budget plans in Bulgaria ahead of final approval

Thousands of protesters staged a major demonstration outside the parliament building in the capital, Sofia, to denounce the steep taxes announced in next year’s budget draft. Protesters formed a human chain around the building to prevent MPs from exiting.