Bulgaria

Bulgarian prosecutors seek to break up pro-Russian paramilitary groups

bne IntelliNews May 23, 2024

Far-right paramilitaries organise combat training and civilian patrols of Bulgaria-Turkey border.

Israel's Leviathan gas field is on standby but is Bulgaria's Khan Tares next for SOCAR?

Seymur Mammadov in Baku May 20, 2024

Azerbaijan's national oil and gas company SOCAR is eyeing new Black Sea oil & gas projects, while the Israeli gas field is on hold for now due to the war.

The use of the ruble in EU trade settlements reaches a record $15.2bn in March

bne IntelliNews May 17, 2024

The use of the ruble in settlements for goods and services exported by Russia to European partners was up 58.5% in March 2024 to record levels, according to data from the Central Bank of Russia.

BOFIT: The bilateral relations between China and the European Union are important but challenging

Bank of Finland Institute for Economies in Transition (BOFIT) May 17, 2024

In early May, Chinese President Xi Jinping visited Europe for the first time since 2019. The destinations of the visit were France, Hungary and Serbia. China sought to improve its relationship with Europe, but relations remain tense.

Global warming acceleration at its peak but the La Nina effect this year will reduce temperatures less than expected

Ben Aris in Berlin May 17, 2024

Global temperature is now near its peak due to El Niño aerosol decrease. How far will it fall in the coming La Niña? Less than expected.

EBRD2024: EBRD expects Emerging Europe growth boost in 2024, but slightly lowers forecast

Clare Nuttall in Yerevan May 15, 2024

Development bank makes downward revision in latest forecasts after worse than expected Q1 figures for Central Europe.

Far right activists attack Ukrainians visiting Bulgaria to buy Russian-made nuclear reactors

Denitsa Koseva in Sofia May 15, 2024

Ukraine wants to buy equipment Bulgaria bought from Russia for the scrapped Belene nuclear power plant project to replace occupied power infrastructure.

Trees are “coughing not breathing” due to climate crisis stress, study finds

bne IntelliNews May 10, 2024

"We found that trees in warmer, drier climates are essentially coughing instead of breathing," a study by Penn State found.

April 2024 sets global moisture record

bne IntelliNews May 8, 2024

April 2024 set a global moisture record for the planet, reports climatologist Ben Noll

Think-tank warns UN vote on Srebrenica genocide could trigger Republika Srpska’s secession from Bosnia

Denitsa Koseva in Sofia May 7, 2024

Hudson Institute says move towards secession could in turn spark broader ethnic conflicts in Balkans.

20 years after accession 'big bang' wiiw economists say CEE needs a new model to catch up with the West

Clare Nuttall in Glasgow April 30, 2024

Eastern EU members are growing much faster than the eurozone, but must focus more on innovation for a full catchup.

COMMENT: Testing the limits – the politics of EU membership in CEE 20 years after accession

Marcus How in Vienna April 29, 2024

Apathy and lack of trust in national institutions, combined with ‘convergence fatigue’, have created favourable conditions for populist forces that have degraded the quality of institutions in many of the CEE states that joined the EU in 2004.

Fitch believes Bulgaria unlikely to enter eurozone in January 2025

bne IntelliNews April 28, 2024

Return to political instability has put Sofia’s eurozone entry target date at risk.

Bulgaria to lose €665mn under recovery plan after delaying liberalisation of power market

Denitsa Koseva in Sofia April 26, 2024

Experts suggest the country could lose all of the remaining €4.4bn allocated under the recovery plan over delayed or failed reforms.

Bankers reassessing accelerating climate crisis in anticipation of trillions of dollars of annual damage

Ben Aris in Berlin April 25, 2024

As the climate crisis accelerates, banks are facing increasing financial risks and have begun to try to assess their exposure to the trillions of dollars of damage extreme weather will do every year.

CEE recovering but no full rebound in sight, says wiiw

Clare Nuttall in Glasgow April 25, 2024

Germany’s slow recovery is dampening growth prospects for Central and Southeast European economies.

AI and cybersecurity to drive CEE tech sector

Clare Nuttall in Glasgow April 18, 2024

PwC and CEE Digital Coalition believe the Central and Eastern Europe region has the potential to create the EU’s Silicon Valley.

COMMENT: The Three Seas Initiative's digital imperative

Dominykas Tuckus in Vilnius April 12, 2024

While digital infrastructure in the region is growing, support infrastructure designed to handle the growth in demand is what requires investment.

IEA: Methane emissions at an all-time high need to be reduced by 75% by 2030 at a cost of $170bn

International Energy Agency April 11, 2024

Methane emissions are 80 times more damaging than carbon dioxide. Rather than falling, they are currently at an all-time high and rising. The IEA says they need to fall by 75% by 2030 if the Paris Accord targets are going to be met.

The EU is preparing a new, fourteenth package of sanctions

Ben Aris in Berlin April 11, 2024

The EU is preparing a new fourteenth package of sanctions that is slated for adoption in the coming months, but is unlikely to introduce any new products and will focus mostly on enforcing the existing thirteen rounds of sanctions.

Dismiss