Bulgaria Financial News

China has accused the European Union of protectionism and “reckless distortion” of the definition of subsidies in response to a new EU investigation into Chinese wind turbine makers

United Nations, India on Friday abstained in the UN Human Rights Council on a resolution that called for an immediate ceasefire in Gaza and also demanded that Israel immediately lift its illegal blockade on the strip. The draft resolution on the 'Human rights situation in the Occupied Palestinian Territory, including East Jerusalem, and the obligation to ensure accountability and justice' was adopted by the Geneva-based Council with a vote of 28 in favour, 6 against and 13 abstentions. India abstained on the resolution, along with France, Japan, Netherlands, and Romania among others. Those voting against the resolution included Argentina, Bulgaria, Germany and the US.

Romania and Bulgaria partially joined Europe’s Schengen ID-check-free travel zone, marking a new step in the two countries’ integration with the European Union

Austria vetoed Romania and Bulgaria’s admission into the Schengen zone at the end of 2022 but allowed Croatia full accession. Bulgaria and Romania joined the EU in 2007 and Croatia in 2013.

By Colleen Howe and Jing Xu

Indian Navy foils Somali pirates' hijacking attempt | Watch video here Based on the information, the Indian Navy directed INS Kolkata to intercept Pirate Ship Ruen. Later on 15 March, INS Kolkata intercepted Ruen and disabled the ship's steering system and navigational aids, forcing the Pirate Ship to stop. The operation resulted in the Pirates surrendering and releasing the pirate ship MV Ruen and its original crew present onboard.

Bulgarian Foreign Minister, Mariya Gabriel for thanking the Indian Navy for rescuing seven Bulgarian nationals in a successful anti-piracy operation in the Arabian Sea, External Affairs Minister S Jaishankar has said that it is exactly what friends are for. In a post on X, Jaishankar wrote, «That's what friends are for,» alongside Gabriel's post. Notably, Bulgarian Foreign Minister, Mariya Gabriel on Sunday expressed gratitude to the Indian Navy for successfully carrying out a rescue operation to take back control of a hijacked merchant vessel and its 17 crew members including seven Bulgarian nationals in the Arabian Sea.

ANI, that they have established communication with the crew of the merchant vessel, where the 15-plus crew is from Bulgaria, Angola, and Myanmar. As per inputs from the crew, there are around 25 pirates on board the merchant vessel who could have been using it as the mother ship for carrying out piracy in nearby areas.

By David Lawder

Eurobank is looking to establish a presence in India and is in the process of consulting with advisors and the Reserve Bank of India to open a representative office in Mumbai, said people close to the bank. With 80.5 billion euros of assets and 540 branches across Greece, Cyprus, Bulgaria, Luxembourg and UK, the bank, which has a robust corporate client-focused business in these countries, aims to serve the needs of Indian businessmen looking for a commercial presence in Europe. “Trade relations between Europe and India are on the cusp of taking off. We aim for Eurobank to become a key facilitator and the banking partner of choice for Indian businesses considering establishing a local hub in Greece or Cyprus to gain a footing in the EU market,” said Fokion Karavias, chief executive officer, Eurobank.

By Andrea Shalal

was attacked on Feb. 18 while sailing through the Bab el-Mandeb Strait that connects the Red Sea and the Gulf of Aden, U.S. Central Command said.

Houthi attacks on commercial ships in the Red Sea, in reprisal for Israeli bombing of Gaza, continue unabated and the disruption they are causing is beginning to pinch. As the crisis enters its fourth month, Mint looks at the impact on India and the sectors that have been hit. There are no signs at all of any improvement.

A missile attack by Yemen’s Houthi rebels damaged a Belize-flagged ship traveling through the Bab el-Mandeb Strait that connects the Red Sea and the Gulf of Aden, forcing the crew to abandon the ship

Mint explains: Beginning January, farmers from several member-nations of the European Union (EU)—Belgium, Bulgaria, France, Germany, Hungary, Italy, Poland and Spain—invaded cities with their tractors, burning tyres, dumping manure, raiding supermarkets, blocking access to ports and highways and choking city centres. They are protesting subsidy cuts, high energy prices, cheap grain imports from Ukraine, beef imports from Latin America, growing clout of big agribusiness and climate policies limiting the use of chemical inputs. It is a profitability crisis—due to higher farming costs and low produce prices.

Star Trek’s Jonathan Frakes is set to direct a TV adaptation of the sci-fi book series “Deathlands” for crypto developer Jeff Garzik’s Web3 production studio NextCypher, Deadline reports.

Crypto lender Nexo has started a legal battle seeking $3 billion in damages from Bulgaria following an aborted criminal investigation that the company claims derailed its plans for a US stock market listing and a soccer sponsorship deal.

Finland will have to show more funds in thei bank accouts to be eligible for a Schengen visa. Effective from the new year, the Ministry for Foreign Affairs in Finland has implemented new regulations impacting short-stay travelers requiring Schengen visas. Travelers will now have to show a minimum of 50 euros for each day spent in Finland, marking an increase of 20 euros from the previous requirement. This 66% hike comes in response to escalating living costs, the ministry said. A Schengen visa serves as an entry permit for short-term or temporary visits, granting individuals access to travel within the Schengen area, encompassing multiple European countries. Along with the increased financial requirement, Finland has introduced a new proof of sponsorship or accommodation scheme. This initiative allows visa applicants to use the financial resources of their hosts in Finland to meet the stipulated funds requirement. Under this arrangement, hosts are required to complete the sponsorship form, which the visa applicant must include along with the rest of the application. This provision aims to enhance the transparency and accountability of financial arrangements for those seeking short-term stays in Finland.

assault and intentional insult on a complaint by a Bulgarian woman, who had joined the company as a flight attendant, an official said on Sunday. The police have said that they can only investigate the matter and submit a report to the high court for now.

premier segment, Bastidon said, adding that overall trade volume of EU spirits is €9 billion, and the US and China are major exporting countries. According to Bastidon, the value of EU’s spirit exports to India in 2022 was a mere €59.7 million compared to €875 million to China.

By Gabriela Baczynska