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ECB holds rates at 2% as inflation rises and eurozone growth slows

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Economy

Eurozone unemployment unexpectedly falls to record low

The eurozone job market showed modest improvement in January 2026, with the seasonally adjusted unemployment rate falling to 6.1%, an all-time low.

Europe News

'It's better for Poland to stay with the złoty,' Polish FM says

Andrzej Domanski said that that keeping the złoty as the national currency gives the economy greater flexibility at a time of global uncertainty, despite ongoing debates over deeper eurozone integration.

Economy

Croatia’s central bank chief nominated as next ECB vice president

Eurozone finance ministers unexpectedly selected the Croatian central bank governor to become the next VP of the European Central Bank. In a surprise move, an official from one of the euro's newest members will soon help shape European monetary policy.

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Bunlgaria's banks and shops report smooth euro transition

Bulgaria’s first days using the euro pass calmly, with banks, shops and customers adapting smoothly as both the euro and lev remain in use.

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Europe News

Bulgaria switches to the euro amid mixed reactions from its citizens

Bulgaria has become the 21st country to adopt the euro, replacing the lev after nearly 20 years in the EU. While many hope it will boost the economy, concerns about inflation and political instability persist.

Europe News

What will joining the eurozone mean for the Bulgarian economy?

The Balkan country of 6.5 million people joined the EU in 2007 and formally began the process of joining the eurozone in 2018.

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Bulgarian protests continue against corruption and unfair judiciary

Bulgarian protesters continue to demand political change and an end to corruption despite the government's resignation. The eurozone transition adds pressure to the situation.

Economy

ECB holds interest rates as eurozone economic growth remains robust

The eurozone has managed to weather US tariffs more effectively than expected. Growth remains resilient, while inflation continues to hover around the ECB’s 2% target.

Business

Money talks, but is Spain listening? Unpacking Madrid's tax policy

As Europe doubles down on a competitiveness drive, experts warn that Spain’s tax policies could be hitting growth.

Economy

Biggest eurozone members see easing inflation except for Germany

Inflation figures from some of the biggest eurozone economies, including France, Spain, and Italy, show no immediate threat of price hikes. However, German inflation figures came in unexpectedly high.

Bulgaria

Bulgarian government withdraws budget draft after mass protests

Wednesday's protest in Sofia against Bulgaria's draft budget plan for 2026 drew an estimated 20,000 people, who demonstrated against a potential increase in social security contributions and the doubling of the dividend tax.

Bulgaria

Thousands protest new budget plans in Bulgaria ahead of final approval

Thousands of protesters staged a major demonstration outside the parliament building in the capital, Sofia, to denounce the steep taxes announced in next year’s budget draft. Protesters formed a human chain around the building to prevent MPs from exiting.

Economy

Who does Italy's gold belong to? And why are we talking about it now?

A one-line amendment in Italy’s 2026 Budget has reopened the question of who controls the country’s $300 billion gold reserves, potentially threatening central bank independence.

Economy

EU urges focus on domestic growth drivers but stays upbeat on eurozone

Resilient domestic demand is driving growth in the eurozone despite global economic headwinds.

Economy

Eurozone trade surplus soars as US deal boosts exports

The eurozone's trade surplus soared to €19.4bn in September 2025, driven by surging exports to the US following the latest trade deal.

Economy

Weak eurozone growth meets flat jobs market as bankruptcies surge

Eurozone GDP barely grew in the third quarter of 2025, rising just 0.2% as the wider EU posted similarly weak gains and unemployment remained flat. New business registrations increased, but a sharp rise in bankruptcies across key consumer-facing sectors could highlight a market under pressure.