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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.

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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.

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