EU Economy and Finance

On 1 January 2026, Bulgaria will adopt the euro, paving the way for more seamless business operations. For Bulgarian companies looking to expand and grow, the euro offers: 💶 Cheaper and safer exports and imports 📦 Easier access to supplies across the euro area 🌍 Simplified expansion into new markets across 21 countries 📊 Easier access to finance from foreign investors The euro strengthens ties and makes cross-border transactions smoother, helping businesses grow without the hassle of fluctuating exchange rates. Welcome to a more connected Europe, Bulgaria - where doing business is about to get a lot easier! #EUROinBulgaria 

📢 Europe needs an ambitious budget for an independent, prosperous, secure and thriving society and economy! Today, the European Commission presented its proposal for the next EU budget 2028-2034 worth EUR 2 trillion 💶 This proposal is more than a financial plan, it’s a foundation for a stronger, more resilient, and forward-looking Europe. The next EU budget will continue to support people, business, Member States, regions, partners️ and - above all - the EU’s collective future. It will significantly enhance the EU’s capacity to deliver on core policies while addressing new and emerging priorities. The Commission proposes a fundamental redesign of the EU budget, which will be more streamlined, flexible and impactful. A modern EU budget requires modernised and stable sources of income. That is why the Commission is also proposing new own resources and adjustments to existing ones, which will ease pressure on national budgets, generating EUR 58.2 billion per year. Key features of the new MFF: -More flexibility across the budget, so Europe has the capacity to act and react fast when circumstances change unexpectedly or when new policy priorities need to be addressed. -Simpler, more streamlined and harmonised EU financial programmes, so that citizens and companies can easily find and access funding opportunities. -A budget tailored to local needs, with National and Regional Partnership Plans based on investments and reforms, for targeted impact where it matters most and ensuring a faster and more flexible support for more economic, social and territorial cohesion across our Union. -A powerful competitiveness boost, for Europe to secure supply chains, scale-up innovation and lead the global race for clean and smart technology. -A balanced package of new own resources that ensures adequate revenues for our priorities while minimising pressure on national public finances. The Commission’s proposal is designed to ensure that EU funding is steered by the EU’s political priorities, delivering results that national budgets cannot achieve alone. As such, particular areas of concerted action will include 👇 ️🏛   Investing in people, Member States and regions 📚 Foster education and democratic values 🚀 Driving prosperity via competitiveness, research and innovation 💪 Protecting people and building preparedness and resilience 🛡 Protecting Europe 🌍 Building partnerships for a stronger Europe in the world 💶 New own resources to match our common ambition 🔗 Learn more: https://europa.eu/!8R8VWX

📢 What does the SME VAT exemption scheme mean for your small business? Simpler compliance and less admin, and much more! 👆 Swipe through the key benefits, then visit our portal to learn more. ➡️ https://lnkd.in/eyyRp2YW #VATExemption

Germany is the largest beneficiary of RRF-induced spillover effects, with €42.6 billion in spillovers. 👉 The total impact is estimated at €66.1 billion - double the size of its own recovery and resilience plan. Which sectors benefit the most from the RRF in Germany? 🔷 Direct impact: Construction & IT 🔷 Spillovers: Manufacturing sector Main spillover sources: Spain (25.7%), Italy, Poland, France, and Romania 📌 Factsheet: https://europa.eu/!TvHWhy 📌 Full study: https://europa.eu/!B9rwNC #NextGenerationEU

🌍📊 The European Commission has adopted a "quick fix" to the European Sustainability Reporting Standards (ESRS), reducing the burden on "wave one" companies that started reporting for the financial year 2024. This amendment ensures these companies won't need to report additional information for financial years 2025 and 2026 compared to 2024. Meanwhile, we keep working on a broader revision of the ESRS to reduce data points, clarify unclear provisions, and align with other laws. We expect this review to be completed by financial year 2027. Get all the details: 🗞️ https://lnkd.in/efHM4r7Q

Bulgaria will join the euro area - and with it, travel will get easier. On 1st January 2026 Bulgaria becomes the 21st country to adopt the euro, marking a major step toward deeper economic and social integration in Europe. For globetrotters, students, businesses, and the average citizen, this means: 💶 One currency across 21 EU countries 🚆 Cheaper and smoother travel across the euro area 💳 No more conversion fees when paying with card or sending money abroad 📊 Transparent pricing between euro countries Whether you're booking a holiday, enjoying a weekend getaway, or sending money to friends in the euro area - the euro makes it simpler. Here’s to a stronger, more connected Europe!   #EUROinBulgaria

📢 EU small business owners, want to better understand the new VAT scheme for 🇪🇺 small businesses and how you can benefit? 📄 Find more background information on the dedicated website. Start here 👉 https://europa.eu/!qHTb7x

🎙️ Curious about the World Bank's role in global development? In our latest EU Finance Podcast episode, we're thrilled to feature Anshula Kant, Managing Director & CFO of the The World Bank Group. Anshula explores how the World Bank financing works and its collaboration with the EU to foster poverty reduction and sustainable growth.   📺 Watch now on YouTube https://lnkd.in/eqQDSXQV & Spotify https://lnkd.in/e-ENtHyK 🎧 Listen on your favorite platform: https://lnkd.in/eJb5ZWd5 ✔️ And don't forget to subscribe!

The European Commission has launched a call for applications to select members for the third Platform on Sustainable Finance. The Platform is an advisory body composed of experts from both the private and public sector. Its role is to advise the Commission on relevant topics related to the EU Taxonomy, and the EU sustainable finance framework at large. We aim for a balanced representation, including individuals appointed in a personal capacity with proven experience, as well as those representing stakeholder interests, civil society, organisations, academia, and research institutes. If you are interested, apply by 7 September 2025. You can also help us spread the word by sharing this post with your network! 🙋🏽♀️ Learn more & apply here: https://europa.eu/!8TfWfm

🌐 With digital tech, tax administrations are making their audits quicker and stronger. That means more revenue for public services! But the benefits don't stop there… 💡 Digitalisation is a major focus of this year's Annual Report on Taxation. Readers will learn how the EU is helping tax authorities leverage the latest tools to make life easier for clients and to ensure that everyone pays their fair share. #TaxMix2050 👉 Download the report: https://europa.eu/!fDg8GQ 📺 Missed the launch? Rewatch: https://europa.eu/!tm9m3c