Economy

It is now official – Bulgaria will become the 21st member of the euro area. This concludes a years-long process of preparing the country to join the monetary union. The first euro coins and notes will appear in Bulgarian wallets on January 1, 2026. In June 2025, EU finance ministers unanimously approved Bulgaria’s entry into the eurozone. The Bulgarian lev will be replaced by the euro at the beginning of 2026, with the exchange rate set at 1 euro = 1.95583 leva.

On July 3, the Ministry of Economy of Ukraine presented its 2030 Employment Strategy aimed at supporting economic development by reducing unemployment, ensuring equal access to quality jobs, supporting SMEs, and increasing market flexibility. The Strategy is intended, among other things, to facilitate the creation of new jobs and reform the employment service system. It appears that the government’s primary focus will be on reactivating the economically inactive population, which exceeds 12 million people, and achieving a target of 20 million employed citizens.

Imagine a world without money. No more wars, because resources belong to all of humanity. The government ensures equal and just distribution of goods. Competition, egoism, banks, and capitalist greed vanish. People work not for pay, but to serve one another. No more stress, debt, or struggle to make ends meet.

The answer is Solomonic – we should be asking a different question. Most people have a correct, rough idea that healthcare is not free and that someone, somewhere, somehow pays for it. Some people are even aware of health insurance contributions, and the most knowledgeable among them even know how much these contributions are in relation to their salary.

Slovakia’s response to the tariff threat? The Prime Minister and the Minister of Economy have begun saying they want to redirect EU funds to help companies affected by US tariffs. We do not yet know exactly what this crisis will look like—but we already know the solution: European money. Journalists are asking us whether this is a good or a bad decision. You might be surprised, but I do not have an answer.

There is a great transportation divide between Western and Eastern Europe. The latter is slow to catch up to the growing high-speed train network of wealthier countries, hindering cohesion efforts. Trains revolutionized the transportation of people and goods, significantly reducing travel time and costs.

In 2022–2023, when Russian aggression blocked most of Ukraine’s Black Sea ports, the small river ports of Izmail, Reni, and Ust-Dunaisk quietly became lifelines. Grain, metals, oil products — all rerouted through the Danube. Cargo volumes multiplied sixfold. But in 2024, things changed.With the reopening of the Black Sea corridor, cargo naturally shifted back.

After 25 years, negotiations have concluded on a trade agreement between the European Union and Mercosur, a bloc of South American countries. It aims to significantly liberalize trade between the two regions by eliminating tariffs on 91% of goods, reducing the remaining ones, and removing non-tariff barriers.

The trade war presents Europe with an opportunity to leverage the situation for a strategic edge and a push to reduce its dependence on the United States — whether in the areas of technology, energy, defense, or raw materials. The United States\' game of imposing tariffs, along with the European Union\'s retaliatory duties, does not support free trade. It is clear that endlessly raising tariffs on both sides benefits neither party.

Donald Trump\'s trade policies are not just bad economics—they are an attack on individual freedom, global cooperation, and the principles that made America strong. Classical liberalism values free markets, open societies, and limited government interference in voluntary exchange. Trade is a cornerstone of this worldview. When two people—or two nations—exchange goods freely, both benefit. It is the essence of mutual gain.