Bulgaria

Turkey Expands Its Horizons: New Oil and Gas Exploration Plans in Bulgaria, Libya, and Iraq

5 days ago

In a bold move to enhance its energy portfolio, Turkey has announced significant plans for oil and gas exploration, targeting regions beyond its borders—specifically in Bulgaria, Libya, and Iraq. This initiative reflects Turkey’s strategy to secure vital energy resources amidst a growing global demand for oil and gas.

Bulgaria Takes Significant Step Towards Euro Adoption with EU Assessment Request

2 months ago

In a pivotal move signaling its determination to join the Eurozone, Bulgaria has formally requested an assessment from the European Union regarding its readiness to adopt the euro as its official currency. This initiative is seen as a crucial step forward in the nation’s long-standing aspiration to integrate more deeply into the European economic framework.

ECB's Lagarde Expresses Optimism Over Bulgaria's Convergence Process with Eurozone

3 months ago

In a recent statement, European Central Bank (ECB) President Christine Lagarde expressed her positive outlook regarding Bulgaria's progress toward adopting the euro. During an event in Sofia, Lagarde highlighted that Bulgaria’s convergence process with the Eurozone is “well advanced,” suggesting that the Balkan nation is on track to meet the necessary criteria for euro adoption.

Bulgaria Holds Back on Euro Adoption Amid Inflation Concerns

3 months ago

In a significant policy shift, Bulgaria has tempered its ambitions to adopt the euro following recent data that revealed its inflation rate exceeded the European Union's criteria. This move comes as the nation strives to stabilize its economy and align better with EU standards, but the current inflation challenges have raised doubts among policymakers and citizens alike.