Valdis Dombrovskis

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.

The European Commission has unveiled plans for significant tariff hikes on grain imports from Russia and Belarus. The proposed tariffs, described as potentially functioning as de facto sanctions, aim to address growing concerns over the use of food exports as a geopolitical tool by Moscow while safeguarding EU markets and farmers.

Ukraine is willing to accept limitations on its trade with the EU as a means to resolve a contentious political disagreement with Poland, according to the Ukrainian trade minister, reported by the Financial Times.

The World Trade Organization Tuesday enshrined new rules facilitating trade in services between more than 70 member states, the European Union's trade commissioner said, despite initial objections from India and South Africa.

The set of rules will streamline authorisation requirements and ease procedural hurdles faced by businesses, according to a press release.

More than 120 WTO member states have finalised an agreement that aims to facilitate investment in developing countries by improving transparency and clearing bureaucratic hurdles, the global trade body said Sunday.

Trade Minister Ömer Bolat discussed bilateral trade with his Saudi counterpart, Majid bin Abdullah Al Qasabi., in Jaipur, India, on the sidelines of a meeting of trade ministers of G20 nations, according to a statement from the Turkish Trade Ministry.

A new period of dialogue has begun between Türkiye and the European Union on trade, the Trade Ministry has said, following a virtual meeting with Trade Minister Ömer Bolat and Valdis Dombrovskis, the vice president of the European Commission.

Bulgaria is making efforts to be ready to accept the euro no later than January 1, 2025.

The Executive Vice-President of the European Commission, Valdis Dombrovskis, announced that an agreement had been reached with Bulgaria, Poland, Hungary, Romania and Slovakia on the import of certain Ukrainian foods, which the five member countries had vetoed.

Romania will not unilaterally ban grain imports from Ukraine and will wait for the European Commission to implement measures to help farmers from Central and Eastern Europe, said today Romanian Agriculture Minister Petre Daea, quoted by Reuters.