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European prices with Balkan purchasing power

Despite the increase in the minimum wage in 2023, Greece's gross domestic product (GDP) per capita expressed in purchasing power standards is 67% of the European average, according to Eurostat. 

This puts Greece in 26th place among the 27 member-states, with Bulgaria in last, where GDP per capita in purchasing power units was 64% of the European average.

Experts Assert: Euro Introduction in Bulgaria Won't Lead to Price Hikes

As Bulgaria steers towards adopting the euro, economists dispel concerns over potential price increases, assuring the public that the impact on inflation will be minimal. Renowned economists, including Petar Ganev and Preslav Raykov, have weighed in on the matter, emphasizing the stability and positive prospects associated with the currency transition.

European Wage Growth Slows at End of 2023: Bulgaria Outpaces EU Average

Data released by Eurostat reveals a notable deceleration in wage growth across the European Union (EU) and the eurozone during the final quarter of 2023. While the average hourly wage in the EU increased by 3.8%, representing a marked slowdown from the previous quarter, Bulgaria saw a notable rise of 11.9%, according to the latest figures.

Earthquake Rocks Montenegro: Eyewitnesses Describe Frightening Scenes

Montenegro was jolted awake by a powerful earthquake in the early hours of this morning, sending shockwaves across the region. According to reports from various seismological agencies, the earthquake measured between 5.3 and 5.7 on the Richter scale, striking fear into the hearts of residents.

Vucic: Serbia must assess its position regarding ammo production

TIRANA - Serbian President Aleksandar Vucic said in Tirana on Wednesday evening he had ordered the army to restock its ammunition reserves to 100 pct from the present 62 pct and that Serbia needed to assess its position regarding joint ammunition production by Western Balkan countries and Ukraine.

Vučić in Tirana: "I will adhere to principles of National Security Council of Serbia"

"We have several proposals for a declaration, we'll see... The only thing I can say is that I will stick to the principles adopted by the National Security Council of the Republic of Serbia two years ago," Vui told the gathered journalists.

Serbia seeks amendments to Tirana declaration

TIRANA - Tirana is hosting the first Ukraine-Southeast Europe summit, to also be attended by Serbian President Aleksandar Vucic.

Albanian PM Edi Rama and Ukrainian President Volodymyr Zelenskyy are expected to discuss the war in Ukraine and its consequences.

There is still no agreement on the text of a declaration to be adopted at the end of the summit, Tanjug learns.

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