The Sofia Globe - daily news and features from Bulgaria, CEE and the world
Following marathon negotiations over several days, European leaders announced a tentative agreement Monday to provide Greece with another bailout, its third in five years – and ensure the country remains […]
Greece’s prime minister has called for a referendum on the outcome of bailout talks with international creditors. Prime minister Alexis Tsipras ...
A new wave of Western sanctions is hitting Russia’s economy hard. State-owned energy firms continue to bleed profits and Russia’s national currenc ...
Tensions are rising in Ukraine even as assurances of international aid to stabilize the country’s battered economy have started pouring in. Despite ...
Although Russian leaders have downplayed the impact of recent U.S. and European sanctions, analysts say capital has been pouring out of the country as risk-averse investors seek safer returns. With […]
The global recovery is gaining momentum according to new projections by the World Bank. But unlike previous years, the World Bank says growth in 2014 is likely to be driven […]
The global economy may be entering a new phase as the year draws to a close. New data suggest some of the uncertainty that has characterized much of 2013 appears […]
Allegations that the U.S. National Security Agency collected millions of phone records across the Atlantic and tapped cell phone communications by world leaders, have overshadowed a meeting of European leaders […]
The Eurozone economy shrank more than expected in 2013, falling two tenths of one percent between January and March. The new data means the 17-nation currency bloc has now been […]
Despite an uneven recovery between advanced and developing economies, the heads of both the World Bank and the International Monetary Fund say the global financial crisis has eased substantially. But […]
