Politics of the European Union

The European Union marks its annual Europe Day on Thursday, but instead of the humdrum celebrations, all eyes are on the EU elections in a month's time, which portend a steep rise of the extreme right and a possible move away from the bloc's global trendsetting climate policies.

The event will bring together esteemed local and international leaders such as Wolfgang Schüssel, former Chancellor of Austria

The time demands that the European Union acts. The problems are evident, from the two wars on its borders and the climate crisis, to the demographic collapse of member-states and the tremors in the international system of political and economic governance.

Born some 20 years ago as their countries joined the European Union, a cohort of young adults has grown up with rights and freedoms as citizens of the bloc that their parents never knew.

Fitch Ratings, a leading credit rating agency, has affirmed Bulgaria's Long-Term Foreign-Currency Issuer Default Rating at 'BBB' with a Positive Outlook, signaling confidence in the country's economic trajectory.

Bulgaria's long-anticipated entry into the Eurozone may face a delay, as the country is unlikely to meet the inflation criterion required for the introduction of the euro on January 1, 2025. Dimitar Radev, the Governor of the Bulgarian National Bank (BNB), disclosed to BTA that a more plausible scenario for Bulgaria's integration into the Eurozone would be later in 2025.

Mounting uncertainty looms over Bulgaria's anticipated entry into the Eurozone, with officials cautioning that the prospect may be delayed amidst persisting inflation challenges.

Ankara has criticized the European Union for linking Türkiye-EU ties to the Cyprus question, describing the move as another example of Brussels' lack of strategic vision on Türkiye and global developments.

Europeans' interest in the upcoming European Parliament election is significantly higher than before the last vote five years ago, according to an EU poll released on Wednesday, with poverty, health, jobs and defence seen as top campaign issues.

In a significant move toward Bulgaria's integration into the Eurozone, the European Commission (EC) has pledged support for the country's efforts to promote the adoption of the euro.