The news that matter in Europe
The news that matter in Europe
In the first half of 2024 the leading global provider of foreign exchange and international payments for businesses, iBanFirst, processed 275 million euros in FX transactions for Bulgarian trading companies. In comparison to the same period last year this is an increase of 90% that was driven…
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In a remarkable achievement, .lumen, the startup dedicated to enhancing the mobility of the blind and visually impaired, has raised €1 million from private investors in one day. This milestone follows an extraordinary pitch event of the Glasses for the Blind held on July 16 where over 600…
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The exorbitant prices of water, coffee, and food at airports across the European Union have long been a source of frustration for travelers. Despite efforts to address this issue, airport vendors continue to charge consumers significantly more than the standard market rates for these basic…
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By Petar Gramatikov
Green Transition Forum 4.0: New global perspectives for the CEE region is taking place on 26-28 June 2024, Bulgaria (Sofia Event Center, Mall Paradise).
The forum dedicated to the European Green Deal and the green transformation was opened by the Bulgarian President…
By Ina Koleva, myPOS Communications Executive
In the US, over 340,042 tech employees have been laid off since late 2022, with at least 56,042 layoffs in 2024 alone. While Bulgaria is also affected, resilient companies continue to hire local IT talent, positioning for future…
The area of Mexico affected by drought is expected to increase from “85.58% to 89.58% due to the lack of rain,” reports Excélsior.
The National Weather Service report attributed this to the prolonged third heat wave that affected Mexico from May 20 to June 4.
According to the latest…
The consumption of fossil fuels, but also of energy emissions on a global scale, reached record heights in 2023. That’s what the global energy statistics report cited by Reuters says. Decommissioning fossil fuels and increasing renewable energy sources can prevent the transition to low-carbon…
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The European Commission has made a landmark announcement today, proposing an annual EU budget of €199.7 billion for the year 2025. This substantial budget will be complemented by an estimated €72 billion in disbursements under the NextGenerationEU program. The proposed financial…
Norway will further limit the access of Russian tourists because of the ongoing war in Ukraine, the Norwegian Ministry of Justice announced end of May, as quoted by Reuters.
Norway, which is a member of NATO, shares a border with Russia in the Arctic of almost 200 km. Oslo for the first…
Pressrelease // Every economic cycle has its currency war. In the 1920s, France, Germany, and Belgium devalued their currencies to return to the gold standard, which had been abandoned during World War I. In the 1930s, major global economies resorted to competitive devaluations to recover the…
The EU will soon become a ‘Friend’ (i.e., observer) of the Djibouti Code of Conduct/Jeddah Amendment, a regional cooperation framework to tackle piracy, armed robbery, human trafficking and other illegal maritime activities in the North-Western Indian Ocean, including the Gulf of Aden and…
According to scientists, wearing a pair of fast fashion jeans just once creates 2.5 kg of carbon dioxide, which is equivalent to driving 6.4 km in a non-gasoline car, writes “Daily Mail”.
Fast fashion is a term used to describe the process of quickly creating and selling cheap,…
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Wearing one pair of jeans once does as much damage as driving 6 km in a gasoline-powered passenger vehicle
According to scientists, wearing a pair of fast fashion jeans just once creates 2.5 kg of carbon dioxide, which is equivalent to driving 6.4 km in a non-gasoline car, writes “Daily…
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The founder of the “Krasnoe & Beloe” (red and white) store chain, Sergey Studennikov, became the fastest-growing Russian businessman in the last year, Forbes reports. During the year, the 57-year-old billionaire became 113% richer and now his fortune is estimated at 3.2 billion…
Kiev is sticking to the price of $600 million despite Sofia’s desire to gain more from a possible deal.
Ukraine expects to start building four new nuclear reactors this summer or fall, Energy Minister German Galushchenko told Reuters at the end of January this year. The country is trying…
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VINARIA took place in Plovdiv, Bulgaria from 20 to 24 February 2024.
The International Exhibition of Vine-growing and Wine producing VINARIA is the most prestigious platform for the wine industry in Southeast Europe. It showcases a rich selection of drinks: from authentic local products to…
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The argument is often made about food, as well as about dozens of other “strategic goods”, that we must be self-sufficient in the face of threats to peace around the world.
The argument itself is very old, old enough for the self-sufficiency argument, as well as the feasibility of…
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In a pivotal speech delivered at the European Parliament plenary session in Strasbourg on 26th February 2024, Christine Lagarde, President of the European Central Bank (ECB), expressed gratitude to the Parliament for its collaborative efforts in navigating Europe through economic challenges…
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As the World Trade Organization (WTO) gears up for its 13th Ministerial Conference (MC13), the European Union (EU)’s stance and proposals have emerged as pivotal talking points. The EU’s vision, while ambitious, also opens up a spectrum of discussions on the feasibility, inclusivity, and…
Croatia
From January 1, 2023, Croatia adopted the Euro as its national currency. Thus, the country that entered the European Union last became the twentieth country to introduce the single currency.
The country has chosen four designs for the national side of the euro coins, with the…