Eurozone
Hatzidakis attends EU ministerial sessions
National Economy and Finance Minister Kostis Hatzidakis is in Brussels for European Union ministerial meetings. On the sidelines of the sessions, Hatzidakis is to meet European officials. Hatzidakis attended a Eurogroup meeting in Brussels on Monday, and on Tuesday he will take part in the ECOFIN Council.
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Net profits of €1.14 bln for Eurobank in 2023
Eurobank has announced overall net profits of €1.14 billion for 2023, compared to €1.347 billion in 2022.
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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.
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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.
Stournaras: Bank of Greece prevented Grexit in 2015
If the Bank of Greece did not operate under the protection of the institutional framework of independence, after what happened in 2015, the country would have perhaps left the eurozone, Bank of Greece (BoG) Governor Yannis Stournaras said on Saturday during a Kathimerini conference on a panel titled "In the next 50 years, is democracy safe?" Is Greece reformable?" "Who doubts that if it wasn't
ECB to hold rates again, awaiting signs on inflation
The European Central Bank is expected to freeze interest rates again this week, with officials wary of starting to cut before they see more evidence that recent falls in inflation will be sustained.
Timing is everything: Five questions for the ECB
The European Central Bank meets on Thursday, with markets eyeing any nudge towards an interest rate cut as inflation weakens.
The ECB, expected to hold rates at a record 4%, is navigating a tricky path between keeping rates high long enough to contain inflation while not cutting too late as price pressures ease quickly.
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Eurozone Entry Delay Incurs High Costs, Warns Head of Bulgaria's National Bank
Speaking at a briefing following a meeting with Croatian Central Bank Governor Boris Vujcic, Bulgarian National Bank (BNB) Governor Dimitar Radev highlighted the significant costs associated with delaying entry into the eurozone.
Head of Croatia's Central Bank Visits Bulgaria: The Transition To The Euro Did Not Result In Price Hikes
During his visit to Bulgaria, Croatian Central Bank Governor Boris Vujcic reassured that Croatia's transition to the euro did not result in a significant uptick in prices.
Eurozone Accession on Horizon: Bulgaria's Finance Minister Optimistic Despite Government Rotation Talks
As Bulgaria sets its sights on joining the Eurozone by 2025, Finance Minister Asen Vassilev remains resolute in his commitment, despite ongoing uncertainties surrounding the government's rotation. Speaking from Ghent, where he attended a meeting of EU economy and finance ministers, Minister Vassilev conveyed optimism regarding Bulgaria's economic prospects and Eurozone aspirations.