1st Jun 2023


Bulgarian president calls snap election for 2 October

Bulgarian president Rumen Radev has set 2 October as the date for the country's fourth parliamentary election in less than two years. Anti-corruption and reformist prime minister Kiril Petkov's coalition government collapsed in June, and efforts to secure a new majority failed, Reuters reports. Radev appointed former labour minister Galab Donev to lead a caretaker government as Bulgaria is facing surging inflation, and doubts over gas supplies from Russia.

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ECB: eurozone home prices could see 'disorderly' fall

The European Central Bank in its Financial Stability Review warned EU home prices could see a 'disorderly' fall as high mortgage rates are making houses unaffordable for households and unattractive for investors.

Adapting to Southern Europe's 'new normal' — from droughts to floods

Extreme weather events in recent months have worsened agricultural production in southern Europe, prompting concerns for authorities in Portugal, Spain, France and Italy. As countries will likely face dryer conditions, experts urge adaptation measures for the 'new normal'.

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