Euro

Aversion toward mortgages

Greece continues to have the worst performance in household credit, registering a consistently negative rate, which was -1.7% in January against a 0.3% increase in the eurozone, according to a report published on Thursday by DBRS Morningstar, focusing on the "slow production of new mortgage loans."

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.

Bulgaria Can Adopt the Euro in 2025, Confirms Eurogroup President

Eurogroup President Paschal Donohoe confirmed that Bulgaria could adopt the euro in 2025. This statement came following discussions with Bulgarian officials, including outgoing Prime Minister Nikolay Denkov, outgoing Deputy Prime Minister Mariya Gabriel, and outgoing Finance Minister Assen Vassilev.

DBRS confirms Greece’s investment grade and Stable trend

DBRS Morningstar confirmed on Friday night Greece's credit rating at BBB (low) with a stable outlook, having been the first major agency last year to restore the country's investment grade.

The Canada-based firm stated that its rating reflects its view that the risks in Greece are fairly balanced.

Euro or Lev? Our Readers Have Spoken

Bulgaria edges closer to potentially adopting the euro, but the debate over whether to keep the national currency, the lev, or transition to the European currency continues to stir controversy among the public. On our Facebook page, we recently posed this question to our readers: "Adopt the Euro or Keep the Lev?", and the response was resounding.

ECB keeps rates on hold with inflation still sticky

The European Central Bank froze interest rates again on Thursday as it held off from starting to cut borrowing costs amid concerns that sticky inflation is not easing as fast as hoped.

The Frankfurt-based institution's governing council held the benchmark deposit rate steady at a record four percent for a fourth straight meeting, as widely expected.

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