European Commission

Hungary Blocks Decision on Russian Asset Revenues at EU Summit

A proposal aiming to allocate revenues from frozen Russian assets to Ukraine is facing obstacles at the European Council meeting commencing today, reveals a high-ranking diplomat speaking to Deutsche Welle.

The setback stems from Hungary's objection to utilizing these funds for purchasing weapons for the Ukrainian armed forces.

Schengen: Bulgaria-Romania Border Controls Persist Post-Accession Plans

Border checks between Bulgaria and Romania along the Danube River are set to persist post-March 31, even as both nations anticipate their admission into the Schengen zone by air and sea. This revelation was disclosed to BNR by a source within the European Commission, shedding light on a significant hurdle in the path to seamless travel within the European Union.

Belgium Pushes for Full Schengen Integration of Bulgaria and Romania

The Belgian Presidency of the EU is spearheading efforts to fully integrate Bulgaria and Romania into the Schengen area. A draft resolution, expected to be voted on today in the European Parliament's Committee on Petitions, underscores the urgency of addressing the border issues between the two countries and the rest of the Schengen zone.

Bulgaria Anticipates Meeting Eurozone Inflation Criteria by September

Bulgaria is on track to meet the inflation benchmark required for Eurozone membership by September, according to Finance Minister Asen Vassilev. Speaking at a conference focused on the currency union, Vassilev expressed confidence in Bulgaria's ability to fulfill the necessary criteria within the specified timeframe.

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