Bulgaria
NEMETHY: The Fed will prioritise financial stability over the fight against inflation
For the past six months, the US Fed has been fighting inflation by jacking up interest rates and tightening money supply to fight inflation. This author, and others, predicted that “something will break”. Something did break: SVB
Romania's largest insurance firm Euroins loses licence
Romania’s Financial Supervisory Authority decided to withdraw Euroins' license and file a bankruptcy request.
Bulgaria’s finance minister denies state at risk of bankruptcy
Document leaked ahead of general election raised fears about Bulgaria's financial stability.
Has Southeast Europe come of age as an investment destination?
The Western Balkan countries are following the path established by Central Europe that emerged as a prominent manufacturing and services hub early in the transition period.
EU court rules Bulgaria unlawfully allowed coal-fired Maritsa East 2 plant to pollute the air
The Bulgarian government granted the Maritsa East 2 TPP a derogation to burn more coal and emit almost double the amount of sulphur dioxide allowed by EU law.
Gender gap persists in Emerging Europe’s industries of the future
Women are underrepresented in the growing ICT and green energy sectors.
Yettel Bulgaria urges competition watchdog to block sale of Bulsatcom to Slovenia Broadband
Commission for Protection of Competition has launched a probe into the deal to find out whether it would breach competition rules.
Bulgarian proptech FlatAway raises funds for international expansion
Funding round led by venture capital firm Eleven Ventures will support FlatAway's growth across Central and Eastern Europe and the Middle East.
Bulgarian police raid coal-fired power plants in EPPO fraud probe
Investigation concerns suspected EU Emissions Trading System fraud causing millions of euros of losses to the state and EU budget.
Stable outlooks at lowest level for two decades in Emerging Europe, says Fitch Ratings
One year since the Ukraine conflict began, the share of stable sovereign outlooks in Emerging Europe is at its lowest since late 2003.
Urals oil price is increasingly meaningless, allowing Russian-owned refineries in Europe to build up slush funds
After the twin price cap sanctions were imposed on Russian oil exports, Ukraine’s supporters cheered as the price of the key Urals blend collapsed. The trouble is, Russian refineries in Europe make the price of Urals increasingly irrelevant.
How big is Russia's "ghost fleet" of oil tankers?
How many ships are in Russia’s “ghost fleet” of tankers? No one has a clear idea: estimates run from 100 to 600 tankers depending on what you include in the fleet.
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Thousands demonstrate in Bulgaria to support Ukraine on invasion anniversary
Protesters angry at President Rumen Radev's pro-Russian stance and resistance to sending military aid to Ukraine.
bneGREEN: Wind, solar slash gas costs in EU by $12.7bn since Russia invaded Ukraine
The growth of wind and solar power has helped to cut natural gas costs by €12bn ($12.7bn) in the EU since Russia invaded Ukraine just over a year ago.
Germany to crack down on sanctions dodgers as non-EU trade turnovers with Russia soar
Germany's Deputy Chancellor, Robert Habeck, announced that Berlin will crack down on EU companies that dodge Western sanctions on Russia, as governments become increasingly alarmed at the scale of the sanctions leakage, the Financial Times reported.
ING: Green sovereign bond sales stabilise and so does the greenium.
The euro sovereign and supranational, sub-sovereign and agency (SSA) green bond market is maturing after a turbulent 2022. Supply levels have stabilised and there are signs that it is finally matching demand.
European Commission dashes Bulgaria’s hopes of joining eurozone before 2025
Political stability and high inflation have slowed Bulgaria's efforts to join the European single currency.
European gas prices slump to 18-month low
The front-month contract at Europe’s premier TTF gas hub dipped below €50 per MWh ($567 per 1,000 cubic metres) on February 21 for the first time this year, amid easing fears of shortages, warm weather, ample LNG and lower industrial demand.
Gas prices fall further on record 64% full European gas tanks
Gas reserves in Europe's underground storage facilities (UGS) have dropped to 69bn cubic metres and are 63.7% full as of February 22, Gas Infrastructure Europe (GIE) reports.
Bulgarian supreme court bans gender reassignment
Government also refuses to implement the Istanbul Convention on violence against women in double blow for human rights.
