Aid

The US Congress has finally approved a long-awaited aid package for Ukraine, totaling nearly 61 billion USD, including military assistance. The bill's passage comes as a crucial lifeline for Ukraine, although concerns persist over the country's ability to match Russia's military spending.

In a bid to support its agricultural sector amidst the ongoing tensions stemming from Russia's war against Ukraine, Bulgaria announces a significant aid package for farmers. Close to 52,000 farmers are set to benefit from the allocation of BGN 300 million in State aid by May 15, 2024, citing his Union's press release issued on Thursday.

On what criteria is Greece's European strategy based? The question arises from our country's completely paradoxical attitude on two major issues: first, the single market, and second, the debate on the joint defense bonds. 

European Union leaders have debated a new "European Competitiveness Deal" aimed at helping the 27-nation bloc close the economic production gap with Chinese and American rivals amid fears the region's industries will otherwise be left behind for good.

Funds amounting to 4 billion euros have been allocated specifically for small and medium-sized enterprises, Alternate Minister of National Economy and Finance Nikos Papathanasis said on Friday at the Delphi Economic Forum.

The European Commission has asked EU countries for feedback on a limited extension of temporary state aid rules for the agricultural sector as it cited persisting market disturbances and following months of farmers' protests across the European Union.

In the second reading, the parliament endorsed a bill to ratify the agreement for Bulgaria's involvement in the OECD Program for Ukraine, accompanied by a voluntary financial donation of 60,000 euros (117,350 BGN).

The aid for all beneficiaries will be paid once a year until 31 May each year

The European Union intends to fast-track some of its aid money to Egypt using an urgent funding procedure that bypasses parliamentary oversight and other safeguards, according to the president of the bloc's executive branch.

Ukraine's Prime Minister Denys Shmyhal announced on Friday that the country has obtained a 1.5 billion US dollar tranche from the World Bank program. This funding aims to address budgetary and social expenses amidst the ongoing Russian invasion, as reported by Reuters.