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Economy

Will the ECB cut the key rates again? US tariff impact is crucial

The European Central Bank will likely hold off on making another interest rate cut on Thursday, choosing to wait until it can measure the size of any economic blow from higher US tariffs.

Europeans' Stories

Currency changeover in Bulgaria: the euro replaces the lev in January

In an interview with Euronews, Plamen Ralchev says: “The euro is a lifeboat that Bulgaria should board!" The scientist at the University of National and World Economics warns against right-wing populist parties exploiting the currency debate.

Markets

Trump's 30% tariffs threaten to burst Europe's bullish trade

Trump's threat of a 30% tariff on EU goods from 1 August puts Europe’s bullish growth narrative at risk. With investors heavily positioned in eurozone assets, Goldman warns of a 1.2% GDP hit, raising fears of a sharp reversal if tensions escalate.

EuroVerify

Fact check: Which eurozone country is creating the most jobs?

Spanish Prime Minister Pedro Sánchez recently said that his country was responsible for creating half of all new jobs in the eurozone, but is this true?

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Israel

Report: Hamas used sexual violence as weapon of war in 2023 attack

The report by the Dinah Project based its findings on survivor and witness testimonies, accounts from first responders, and other evidence.

Bulgaria

European Parliament approves Bulgaria's adoption of the euro

The vote came as thousands of Bulgarians have protested in recent weeks against joining the eurozone.

Economy

Eurozone unemployment ticks up modestly as tariff uncertainty lingers

Businesses in Europe must contend with economic uncertainty when looking for new hires, although unemployment rates remains historically low.

Economy

German business sentiment rises: Ifo sees sixth consecutive lift

Firms in Germany are more confident about the business environment, partly thanks to the state's promised spending boost.

Economy

Eurozone business activity stalls in June: Will the ECB cut again?

Eurozone business activity stalled in June, with PMI data showing flat growth linked to weak services and manufacturing. Germany improved slightly, while France declined. Persistent service-sector cost pressures and renewed energy concerns may cloud ECB rate cut prospects.

Economy

IMF chief: European lifestyle is at risk if productivity isn’t boosted

Progress on the single market needs to be a priority for the European Union, Kristalina Georgieva told Euronews.

Economy

Bulgaria to adopt the euro: How do countries join the Eurozone?

European Union officials gave the green light on Wednesday for Bulgaria to become the 21st member of the euro currency union, a key EU project aimed at deepening ties between member countries.

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.

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.