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Economy

Bulgaria to adopt the euro as ECB and EU Commission give green light

Bulgaria will be the 21st nation to join the eurozone, with adoption planned at the start of 2026.

Economy

Eurozone unemployment drops to record low levels in April

Falling energy and input prices helped ease cost pressures for European businesses in April, allowing them to retain more employees.

Economy

Eurozone manufacturing shows signs of recovery: Is the slump over?

While the Eurozone and Spanish manufacturing purchasing managers’ index (PMI) increased in May, the German manufacturing sector continued to lag for the 35th consecutive month.

Europe News

Thousands protest in Bulgaria to maintain national currency

Bulgaria's new government, which was formed last month, has made eurozone membership a key priority. Opposition parties want a referendum to be held.

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Economy

Eurozone private sector slips into contraction as services falter

Eurozone private sector contracted in May, with Composite PMI falling to 49.5. Services saw their sharpest drop in 16 months, while manufacturing stabilised. Business confidence hit a 19-month low, reinforcing expectations for further ECB rate cuts.

Economy

EU budget needs 'a comprehensive overhaul' to handle shocks, says IMF

EU spending rules have not kept pace with challenges facing the bloc, warned the IMF’s Europe director.

Economy

Eurozone confidence lifts slightly in May but remains fragile

Eurozone consumer confidence rose by 1.4 points in May, partly reversing April’s drop, but remains well below average. Sentiment is still fragile amid inflation and trade uncertainty.

Economy

Eurozone grows 0.3% at the start of the year, industrial output soars

Eurozone GDP grew 0.3% in the first quarter of 2025, with strong gains in Ireland and Spain. Employment rose 0.3%, beating forecasts. March industrial output surged 2.6%, the fastest in five years.

Europe News

Bulgaria’s president to submit request to call eurozone referendum

Some economists claim that the country lacks an acceptable degree of economic condition to join the eurozone and it's not yet ready to adopt the single currency.

Economy

Eurozone inflation tops expectations: ECB rate cuts in jeopardy?

Eurozone inflation surged more than expected in April, as the impact of trade tariffs began to reverberate through the consumer basket, posing a fresh challenge for the ECB.

Economy

Week ahead: Eurozone inflation, Apple and Meta earnings in focus

It is set to be a busy week for financial markets, with key economic data, including the eurozone’s flash inflation figures for April and the US non-farm payrolls, due for release. Additionally, big tech earnings, particularly Apple’s quarterly results, will be closely watched.

Economy

Slower growth looms over Eastern Europe as reform urgency rises

Slower growth looms over Eastern Europe and Central Asia as inflation, weak external demand, and structural inertia take hold. The World Bank urges bold reforms to unlock productivity and avoid the middle-income trap.

Economy

Eurozone economy stalls in April as tariffs rattle services activity

Eurozone economy stagnates in April as trade tensions drag services sector into contraction. PMI data show Germany's resilience in manufacturing, while France's downturn deepens. Easing inflation pressures may support ECB rate cuts

Economy

Eurozone consumer confidence falls to 18-month lows as tariffs bite

Eurozone consumer confidence hits 18-month low as US tariffs bite. IMF cuts global growth forecasts while Lagarde urges policy flexibility

Economy

Greece unveils €1bn in benefits after posting 1.3% budget surplus

Greece’s prime minister on Tuesday announced €1 billion in financial benefits for lower-income households and the public investment program, after the country became one of the few European Union members to post a budget surplus in 2024.

Markets

Markets this week: Tesla, Microsoft and Alphabet earnings in focus

Investors will closely watch the trajectory of global business activity in the manufacturing and services sectors this week. Meanwhile, major US tech companies—including Tesla, Microsoft, and Alphabet—are set to report first-quarter earnings, driving the market movements.

Economy

EU employment reaches highest level since 2005 at the end of last year

The employment rate in the EU reached its highest level at the end of 2024, while the unemployment rate recently also came to a record low. Euronews Business takes a closer look at the labour market across Europe.

Economy

Why economists believe the ECB will keep on cutting interest rates

Economists predict that the ECB will continue its rate-cutting cycle as global trade tensions rise and eurozone growth slows. Markets expect up to 75 basis points of easing by September, pushing the deposit rate down to 1.5%.

Economy

ECB's Lagarde: Trade tariffs are a negative shock for the eurozone

Lagarde said the ECB’s rate cut reflected confidence in disinflation and rising growth risks from tariffs, which are set to weigh on demand. The bank dropped its “restrictive” stance and stressed a data-driven, flexible approach.

Economy

ECB cuts rates again as Trump tariffs weigh on economic outlook

The European Central Bank cut its benchmark interest rate by a quarter point to 2.25% on Thursday as threats to growth outweigh inflationary concerns.