European Commission

The European Commission has referred the Greek state to the European Court because of its long-standing practice of paying off its commitments to its citizens and suppliers whenever it wishes. The cause is a long-term delay in paying the hospitals' commitments, which total 1.3 billion euros.

The European Parliament has approved the EU's inaugural directive aimed at regulating the employment rights of individuals working through online platforms.

The European Commission has taken action against Greece and Cyprus for their failure to properly implement rules aimed at combating fraud within the EU's budget. 

The European Commission decided on Wednesday to refer Greece to the EU's Court of Justice for not applying correctly the rules under the Late Payment Directive.

The Late Payment Directive obliges public authorities to pay their invoices within 30 days (or 60 days for public health authorities). 

The European Parliament voted on Tuesday to back a year-long extension to tariff-free trade for Ukrainian farm produce, while introducing new curbs on the level of imports to assuage protesting EU farmers.

The parliament voted by 428 votes to 131 with 44 abstentions in favour of the extension, which will now apply from June 6 after clearing this final procedural hurdle.

The country's social security system is in for seven difficult years, as up until 2030 the generation of baby boomers will be rushing to retire.

Experts point out that although the "great exodus" began in 2022 and will last until 2030, with about 165,000 to 200,000 people retiring annually, the bulk of retirements will occur from 2025 onward.

In a significant affirmation of Bulgaria's path towards Eurozone accession, European Commissioner for Economy Paolo Gentiloni has confirmed the European Commission's support for Bulgaria's admission to the Eurozone in 2025.

The International Finance Corporation (IFC), a financial division of the World Bank, intends to invest 1.9 billion USD in projects in Ukraine over the next 18 months, according to a statement from an IFC official to Reuters.

Taxpayers' overdue debts to the tax office are divided into three categories, for which the National Economy and Finance Ministry and the Independent Authority for Public Revenue (AADE) are planning settlements.

Today's teenagers, the children born during the debt crisis of the previous decade, who will enter the labor market around 2030, will be able to retire at the age of 72.5 having worked at least 38.5 years, according to the European Commission's 2024 Aging Report - Economic and Budgetary Projections for the EU Member-States 2022-2070.