Author: staff
New pressures Bulgaria’s central bank, too, will face a significant adjustment. Under the currency board regime, inflation has been kept largely in check not through interest rate policy — which Sofia has ceded — but through fiscal discipline and tax policy. The Bulgarian National Bank’s main levers have instead been bank reserve requirements, currently set at 12 percent, and the interest rate charged on those reserves, which is set at zero. But it will lose control of both those levers from next year, with potentially big consequences: The ECB’s reserve requirement is only 1 percent. That means that, other things…
Published on 13/06/2025 – 1:17 GMT+2Istanbul’s jailed opposition Mayor Ekrem Imamoglu and his legal team have boycotted a court hearing on Thursday after they claimed that a late change in venue for the proceedings was “unlawful”.The case, one of many criminal allegations Imamoglu is facing, was over comments the Istanbul mayor made on an expert witness, over the prosecution of other officials from his Republican People’s Party, or CHP.In a statement, the CHP said neither Imamoglu nor his legal team would attend Thursday’s hearing due to a change in venue through “unlawful procedures.”Imamoglu, in a post from jail, described the…
Going unchecked U.K. Border Force sometimes carries out spot bag checks on arrival at London St. Pancras but the vast majority of passengers go unchecked, meaning there is a low likelihood of any purchased products being caught on arrival in London unless they are openly touted. On launching the controls on April 12, U.K. deputy chief veterinary officer for international and trade affairs, Dr. Jorge Martin-Almagro, said they were “critical to limit the risk of foot-and-mouth disease incursion.” Eurostar says it emails passengers before they travel warning them that they “can no longer bring” animal products including “cheese, cured meats…
In his congratulatory message, Rubio wrote that the U.S. “remains committed to supporting the Russian people as they continue to build on their aspirations for a brighter future.” “We also take this opportunity to reaffirm the United States’ desire for constructive engagement with the Russian Federation to bring about a durable peace between Russia and Ukraine,” he wrote. “It is our hope that peace will foster more mutually beneficial relations between our countries.” Kremlin spokesperson Dmitry Peskov called Rubio’s greeting “very positive news,” which confirms that the current White House administration is “completely different from the previous Biden administration.” Since…
Macron’s comments were meant to underline the importance of redirecting public focus toward solving existential societal challenges like climate change ahead of the United Nations Ocean Conference in Nice. But following the school stabbing those statements rang hollow to many French parents who worry if their children are safe in school. “Public opinion already places security among its top concerns. Events like the Nogent knife attack serve as proof that these concerns are valid,” said Erwan Lestrohan, research director at polling institute Odoxa. A survey from pollster Elabe, fielded in the immediate aftermath of Tuesday’s stabbing, found that 87 percent…
The Commission last month extended temporary protection for the roughly 4.3 million displaced Ukrainians who have found refuge in the EU since Russia’s full-scale invasion in 2022. The EU executive also announced its plan to either transition Ukrainian refugees into permanent legal arrangements or facilitate their return home, and will launch so-called unity hubs, information centers run jointly with Ukraine that will provide guidance on integration and returning home. The special envoy’s role will be to “enhance coordination, represent the interests of Ukrainians, and implement practical support tools, including the development” of those centers, the EU’s Migration Commissioner Magnus Brunner announced…
The UCO’s investigation suggests Cerdan colluded with former Transport Minister José Luis Abalos and his former adviser, Koldo García, to collect illegal commissions linked to public works projects. Sánchez said he was “profoundly incensed and deeply saddened” by the revelations, because he has “always believed in ‘clean’ politics and with democratic regeneration, as well as in the fight against corruption.” The prime minister said that would completely restructure the top structure of his party and order an independent audit of its finances. Despite calls for his resignation from opposition parties, Sánchez said he would not resign or call snap elections…
By Euronews Published on 12/06/2025 – 17:15 GMT+2The 21-year-old gunman who went to his former school in Graz on Tuesday and shot 10 people dead and injured a further 11 had carefully planned his rampage in advance. That’s according to a statement by the public prosecutor’s office and the police at a press conference on Thursday.During a search of his house, investigators found a non-functional pipe bomb, notes and plans. According to police, the pipe bomb contained all the components. His notes express regret that he did not have time to properly finalise his plans.A farewell letter was also among the…
Am Morgen ist der SPD-Verteidigungsminister in der ukrainischen Hauptstadt angekommen. Während die Sozialdemokraten in Berlin das „Friedens“-Manifest diskutieren, demonstriert Pistorius dort über weitere Unterstützung für das angegriffene Land. Rixa Fürsen und Hans von der Burchard diskutieren über die Zerrissenheit der SPD – aber auch über die konkreten Militärprojekte, über die der Verteidigungsminister in Kiew sprechen wird. Das Berlin Playbook als Podcast gibt es morgens um 5 Uhr. Gordon Repinski und das POLITICO-Team bringen euch jeden Morgen auf den neuesten Stand in Sachen Politik — kompakt, europäisch, hintergründig. Und für alle Hauptstadt-Profis:Unser Berlin Playbook-Newsletter liefert jeden Morgen die wichtigsten Themen und…
By Euronews Green Published on 12/06/2025 – 16:04 GMT+2Humans are used to thinking of trees as a reusable resource, but new analysis suggests that a third of all forest loss this century is irreversible. The report from the World Resources Institute (WRI) and Google DeepMind offers the most detailed view to date of what’s driving deforestation, by identifying causes of permanent loss like agriculture, mining, and infrastructure.It found that 34 per cent (177 million hectares) of all global forest loss between 2001 and 2024 is permanent, as trees in those areas are unlikely to grow back naturally. Ongoing agriculture is responsible for…