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Image header Agence Europe
Europe Daily Bulletin No. 13653
Contents Publication in full By article 1 / 35
ECONOMY - FINANCE - BUSINESS / Emu

Bulgaria on course to become twenty-first country in euro area at start of 2026

Bulgaria meets all the convergence criteria for joining the euro area from January 2026, according to the European Commission and the ECB on Wednesday 4 June.

For Bulgaria, the euro will mean “stable prices“, “lower transaction costs” and, for the enlarged euro area, “greater international weight”, said European Commissioner for Economy and Productivity Valdis Dombrovskis.

Initially hoped for in 2024 (see EUROPE B13440A18), Bulgaria’s euro area membership was previously...

Contents

ECONOMY - FINANCE - BUSINESS
EMU: Bulgaria on course to become twenty-first country in euro area at start of 2026
ECONOMY: European Commission identifies measures to be taken in each EU country to boost economic competitiveness and strengthen security
ECONOMY: European Commission suggests options to help Member States finalise their post-Covid-19 recovery plans
ECONOMY: European Commission recommends applying flexibility of Stability Pact to allow 15 EU countries to increase military spending
FINANCE: European Commission is finalising plans for a new framework for securitisation, according to a senior official
TAXATION: MEPs resume discussions on ‘BEFIT’ initiative defining a Framework for Income Taxation of large companies
SECTORAL POLICIES
ENVIRONMENT: European Commission publishes its proposal for a European Water Resilience Strategy
AGRICULTURE : MEPs remain divided on rules on written contracts
AGRICULTURE : Parliament’s Committee on Agriculture hopes to vote on post-2027 CAP on 15 July
HEALTH : EU Member States reach a common position on reform of pharmaceutical legislation
TELECOMMUNICATIONS: EU Council wants to make security and resilience key elements of future European telecommunications policy
DIGITAL : Council of EU wants to strengthen cooperation at all levels of Union to anticipate cyber attacks
CONSUMERS : European Commission wants to propose two different “handling fees” on parcels from online platforms
INDUSTRY: critical raw materials; European Commission announces thirteen strategic projects in third countries
ENERGY : Polish Presidency’s draft conclusions on energy security making good progress ahead of Energy Council
ENERGY : European Commission stresses that hydrogen market is “still in infancy”, with many projects behind schedule
TRANSPORT: with no agreement on compensation, EU Council negotiations on air passenger rights continue at ministerial level
JUSTICE: insolvency law - MEPs examine and support addition of national procedures to European insolvency regulation
SECURITY - DEFENCE - SPACE
NATO: Allied Defence Ministers to adopt new capability goals
Russian invasion of Ukraine
DEFENCE: Ukraine Defence Contact Group to focus on collaborative projects
MIGRATION: European Commission proposing to Member States that temporary protection for Ukrainian refugees be extended until March 2027
EXTERNAL ACTION
NEIGHBOURHOOD: European Commission wants strategic partnerships with Morocco and Lebanon
MIDDLE EAST: “a starving human is not a target”, says Hajda Lahbib after new attacks in Gaza
SYRIA: European Commission proposing €175 million in support for country’s economic and social recovery
MOLDOVA: Kaja Kallas welcomes Chisinau’s progress towards EU membership
UNITED STATES: despite latest increase in US tariffs, Maroš Šefčovič still believes in negotiations with Washington
INSTITUTIONAL
BUDGET: European Commission presents its budget proposal for 2026
COURT OF JUSTICE OF THE EU
RUSSIA: EU General Court dismisses appeal of Russian businessman challenging his inclusion among persons sanctioned by EU
SOCIAL AFFAIRS
SOCIAL/EMPLOYMENT : rules for coordinating social security schemes; co-legislators’ negotiating meeting deemed “a bit disappointing” by European Parliament
FUNDAMENTAL RIGHTS - SOCIETAL ISSUES
HUNGARY: rule of law - “The Commission is ready to use all the necessary tools, including infringement proceedings”, says Michael McGrath
NEWS BRIEFS
HOME AFFAIRS: MEPs approve political agreement on EU entry/exit system
CLIMATE : Innovation Fund; European Commission renews assistance agreement with EIB to support up to 250 decarbonisation projects
CIVIL PROTECTION: Romania activates EU’s Civil Protection Mechanism following floods at Praid salt mine
SOCIAL: MEPs set to approve agreement on European Works Councils on 5 June
CORRIGENDUM
SOCIAL/EMPLOYMENT: directive on quality traineeships - clarifications on exclusion of traineeships linked to active labour market policies