Ukraine hopes to begin installation of Bulgaria’s nuclear reactors in June
Kiev is sticking to the price of $600 million despite Sofia’s desire to gain more from a possible deal. Ukraine expects to start building four new nuclear reactors this summer…
The owner of a chain of liquor stores is the fastest-growing billionaire in Russia
The founder of the “Krasnoe & Beloe” (red and white) store chain, Sergey Studennikov, became the fastest-growing Russian businessman in the last year, Forbes reports. During the year, the 57-year-old…
Wearing jeans once does as much damage as driving 6 km in a car
Wearing one pair of jeans once does as much damage as driving 6 km in a gasoline-powered passenger vehicle According to scientists, wearing a pair of fast fashion jeans just…
Maritime Security: EU to become an observer of the Djibouti Code of Conduct/Jeddah Amendment
The EU will soon become a ‘Friend’ (i.e., observer) of the Djibouti Code of Conduct/Jeddah Amendment, a regional cooperation framework to tackle piracy, armed robbery, human trafficking and other illegal…
Currency war: Reality or fantasy?
Every economic cycle has its currency war. In the 1920s, France, Germany, and Belgium devalued their currencies to return to the gold standard, which had been abandoned during World War…
Norway restricts access to Russian tourists
Norway will further limit the access of Russian tourists because of the ongoing war in Ukraine, the Norwegian Ministry of Justice announced end of May, as quoted by Reuters. Norway,…
European Commission Unveils Ambitious €199.7 Billion Budget Proposal for 2025
The European Commission has made a landmark announcement today, proposing an annual EU budget of €199.7 billion for the year 2025. This substantial budget will be complemented by an estimated…
The consumption of fossil fuels has reached new heights
The consumption of fossil fuels, but also of energy emissions on a global scale, reached record heights in 2023. That’s what the global energy statistics report cited by Reuters says.…
Mexico: Drought will affect 89.5% of the country’s territory
The area of Mexico affected by drought is expected to increase from “85.58% to 89.58% due to the lack of rain,” reports Excélsior. The National Weather Service report attributed this…
Resilient IT companies continue to hire in Bulgaria amidst global tech layoffs and hiring freezes
In the US, over 340,042 tech employees have been laid off since late 2022, with at least 56,042 layoffs in 2024 alone. While Bulgaria is also affected, resilient companies continue…