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29th Mar 2024

Ticker

New Bulgarian PM Petkov: 'zero tolerance for corruption'

"Believe me: there will be a zero tolerance for corruption and for every lev that goes in the wrong place," new Bulgarian prime minister Kiril Petkov told parliament on Monday, BalkanInsight reports. Bulgaria held three general and two presidential elections in 2021, which saw longtime ruling GERB party and its leader Boyko Borissov lose power amid protests and increasing corruption claims.

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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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