Romania
In the Eurozone: Annual Inflation Slips to 2.6%
In February 2024, the euro area witnessed a decline in its annual inflation rate, dropping to 2.6% from January's 2.8%. This shift marks a substantial decrease compared to the previous year's rate, which stood at a notable 8.5%.
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Massive NATO Base Construction Begins in Romania
Construction has commenced on what is poised to become Europe's largest NATO base in Romania, with a reported construction cost of €2.5 billion, as highlighted by Euronews. The development project aims to expand the existing Romanian Air Force 57th Air Base Mihail Kogălniceanu.
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Eurostat Data: Bulgaria and Romania Report EU's Lowest Job Vacancy Rates in Q4 2023
According to Eurostat's latest publication, in the fourth quarter of 2023, the euro area witnessed a job vacancy rate of 2.7%, marking a decline from 2.9% in the preceding quarter and 3.1% in the same period of 2022. Notably, Bulgaria and Romania recorded the lowest job vacancy rates during this period, standing at 0.7% in both countries, BTA reported.
Survey Reveals: Majority of Bulgarians Back NATO Membership
As Bulgaria prepares to commemorate the 20th anniversary of its NATO accession at the end of this month, recent data sheds light on the nation's sentiment towards its membership in the alliance and its perceptions of security.
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022
The most recent data from Eurostat, released on Thursday, indicates that in 2022, life expectancy at birth within the European Union is on an upward trajectory compared to the years preceding the pandemic. Nonetheless, it still falls short of the levels observed in 2019.
Greece-Bulgaria-Romania trilateral meeting on establishing transport corridor
Ministers from Greece, Bulgaria and Romania held a working meeting in Sofia on Thursday to discuss the development of a transport corridor which will start from the port of Alexandroupolis and end in ports of the Black Sea and the trade routes of the Danube, through Bulgaria.
Clarity on Schengen Land Membership for Bulgaria, Romania Expected Post-EU Elections
Anticipation mounts as Vice-President of the European Commission, Margaritis Schinas, hints at an imminent decision regarding Bulgaria and Romania's potential accession to the Schengen Area via land routes. Following the European Parliament elections, Schinas foresees a pivotal moment where the two countries may finally secure this vital membership expansion.
Bulgarian MEP Eva Maydell Opposes Mini-Schengen, Urges Focus on Full Membership Efforts
In an interview with BTA, Bulgarian MEP Eva Maydell, representing the European People's Party/GERB, emphasized Bulgaria's need to prioritize efforts towards achieving full Schengen membership. Maydell's remarks come amid ongoing discussions surrounding Bulgaria's path to integration and the potential implications of semi-European solutions such as the Mini-Schengen Area.
Ukraine's F-16 Acquisition Later This Year Won't Change Much On The Battlefield
The New York Times reported that Ukraine is set to receive F-16 fighters by summer 2024, but they may be too few to make a significant impact in the ongoing conflict. While 12 Ukrainian pilots are expected to be ready to fly the F-16s by then, Western countries have pledged to transfer only six out of the approximately 45 promised planes to Kyiv.
Bulgaria's Arms Imports Skyrocket
Bulgaria has experienced a staggering increase in arms imports, rising by 920% between 2019 and 2023 compared to the period of 2014 to 2018. This significant surge in arms procurement was revealed in a report by the Stockholm International Peace Research Institute (SIPRI), highlighting a notable shift in Bulgaria's defense strategy.
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