European Union leaders agreed to embargo most Russian oil imports into the bloc by year-end as part of the new sanctions on Moscow. According to the EU Council President Charles Michel, the agreement covers more than two-thirds of oil imports from Russia. European Commission President Ursula Von der Leyen said the move “will effectively cut around 90% of oil imports from Russia to the EU by the end of the year.”
Hungarian Prime Minister had made clear he could support the new sanctions only if his country’s oil security was guaranteed.
Bulgaria was given an exemption until 2024 from the EU embargo on Russian oil.
The EU leaders agreed to provide Ukraine with more than EUR 9 billion to support Kyiv’s immediate liquidity needs.
The special meeting of the European Council continues on May 31.
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In an analysis of the pension system in Bulgaria, the International Monetary Fund urges the country to raise pensions by raising social security contributions and doing away with the maximum insurable earnings. According to the analysis, pensions in..
Bulgarian tour operators and travel agents are hoping the new parliament will reconsider the decision to revert to the higher VAT (20%) for the industry as of 1 July. They are insisting that tourist packages be subject to 9% VAT until the end of..
Metropolitan Daniil of Vidin has been elected as the new Bulgarian Patriarch. He received 69 votes. Metropolitan Gregory of Vratsa received 66 votes...
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It will be sunny on Monday. There will be light southeasterly wind in the eastern parts of the country. The hot weather continues with maximum..
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