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Greek economy trending toward a violation of key economic principles

The latest data on savings present food for thought for the Greek government policymakers regarding its exit out of the woods. In 2022, people in the EU saved on average 12.7% of their disposable income. The rate was significantly lower than in 2021 (16.4%), and closer to the values before Covid-19 pandemic.

Over 20 nations call for tripling of nuclear energy

More than 20 countries called for the tripling of world nuclear energy capacity at UN climate talks on Saturday as part of efforts to achieve net-zero emissions by 2050.

A declaration endorsed by nations ranging from the United States to Ghana to Japan and several European countries said nuclear energy plays a "key role" in reaching the goal of carbon neutrality.

PM Denkov Optimistic as Bulgaria Nears Schengen Criteria Approval

Prime Minister Nikolai Denkov delivered upbeat news, announcing Bulgaria's commendable performance in meeting all the prerequisites for Schengen membership. Addressing the parliamentary assembly, Denkov expressed optimism regarding the nation's potential accession to Schengen by the year's end.

Rates boost local holiday pads

The sharp and large increase in the European Central Bank interest rates is developing into a strategic advantage for the Greek holiday home market: It has made potential buyers focus on markets such as Greece, where it is still possible to acquire a holiday home without needing a bank loan.

European Sky Shield: Bulgaria Joins 11 Nations in Air Defense Initiative

The Bulgarian Council of Ministers has greenlit a landmark decision, approving a draft Memorandum of Understanding between Bulgaria and 11 European nations. This paves the way for a collaborative effort in procuring ground-based air defense systems under the European Sky Shield initiative.

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