Thursday

28th Mar 2024

Ticker

Bulgaria pushes to enter eurozone

Bulgaria wants to join the EU's banking union and the forerunner for euro-area membership, the ERM, within the next year. "We'll insist for both to happen on the same day," finance minister Vladislav Goranov said in Sofia on Tuesday. Bulgaria currently meets the criteria to adopt the euro, with Goranov urging euro-area members to refrain from coming up with new demands for Bulgaria to become its 20th member.

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Opinion

EU Modernisation Fund: an open door for fossil gas in Romania

Among the largest sources of financing for energy transition of central and eastern European countries, the €60bn Modernisation Fund remains far from the public eye. And perhaps that's one reason it is often used for financing fossil gas projects.

'Swiftly dial back' interest rates, ECB told

Italian central banker Piero Cipollone in his first monetary policy speech since joining the ECB's board in November, said that the bank should be ready to "swiftly dial back our restrictive monetary policy stance."

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