Bulgarian Prime Minister Rumen Radev Monday commented to reporters on the 2026 State budget procedure and the deficit. He said that the Cabinet is working on this year's draft budget "almost 24/7" and hopes that it will be adopted by the end of June. "Every option is being explored to cut the defic»»»

Beijing: China's Ministry of Transport on Monday activated a Level-II emergency response for heavy rainfall, after the country's weather agency issued an orange alert, which is the second-highest in its four-tier warning system. From Monday afternoon to Tuesday afternoon, downpours are expected to »»»

CAIRO - Serbian PM Djuro Macut, who is on a working visit to Egypt, met with Egyptian PM Mostafa Madbouly in Cairo on Monday, and announced the Chamber of Industry and Commerce of Serbia (PKS) would open an office in the city by the end of this year. The parties noted the significance of renewing a»»»

MINSK (Sputnik) - The meeting with French Ambassador to Russia Nicolas de Riviere, UK Ambassador to Russia Nigel Casey and German Ambassador in Moscow Alexander Graf Lambsdorff at the Russian Foreign Ministry brought nothing new in the Ukrainian conflict settlement, Russian Foreign Minister Sergey »»»

Romania is emerging as one of Europe’s most dynamic renewable energy markets, having already reached over 7 GW of installed solar capacity and around 1.5 GW of energy storage, with rapid ongoing expansion driven by strong investment in utility-scale solar projects, EU-backed funding, and increasing»»»

Kyrgyzstan’s foreign trade volume in January—April 2026 amounted to $4,760.7 billion. According to the National Statistical Committee, this figure decreased by 3.6 percent compared to January—March 2025. Decline in exports and imports As in the previous year, exports significantly decreased by 17.6»»»

WASHINGTON: US Defense Secretary Pete Hegseth denied that the American military was facing a munitions stockpile shortage, saying on Sunday that it was a “manufactured story” peddled by the media. Hegseth’s comments came hours before the United States and Iran said they reached a deal to end the Mi»»»

GENEVA: Iran has executed at least 40 people, including 18 protesters, on “national security grounds” since the start of 2026, the United Nations said Monday. UN rights chief Volker Turk said he felt “deeply for the people in Iran, caught between war and cruel repression.” Since the start of the ye»»»

Dubai: A magnitude 6.2 earthquake struck offshore waters southeast of Mindanao on Monday afternoon, according to the Philippine Institute of Volcanology and Seismology (DOST-PHIVOLCS). Get updated faster and for FREE: Download the Gulf News app now - simply click here.In an advisory issued at 5.18p»»»

This is the largest corporate issuance of the year on the Bucharest Stock Exchange and the largest issuance in RON by a Romanian corporate issuer for the 2024–2026 period, with the exception of BCR’s November 2025 issuance in RON, amounting to RON 1.125 billion. “We entered the market at a time whe»»»

The Finance Ministry is launching a new FIDELIS government bond issue between 15 and 22 June 2026, with tax-free interest rates of up to 7.60% for lei-denominated bonds and up to 6.80% for euro-denominated bonds. The June edition also includes two special tranches for blood donors, introduced in th»»»

Madrid: Real Madrid announced the signing of Spanish defender Marc Cucurella from Chelsea on Monday, for a fee reported to be 55 million euros ($63.8 million). "Real Madrid and Chelsea have reached an agreement for the transfer of the player Marc Cucurella, who will join our club for the next six s»»»

Hong Kong: An earthquake with a magnitude of 6.3 jolted Mindanao, Philippines, at 0918 GMT on Monday, the GFZ German Research Center for Geosciences said. The epicenter, with a depth of 116.8 km, was initially determined to be at 6.14 degrees north latitude and 126.85 degrees east longitude.»»»

ABU DHABI: Former NBA All-Star Baron Davis believes the future of basketball in Abu Dhabi is promising as the emirate continues to invest in youth development and grassroots participation. Speaking to Arab News during the Jr. NBA/Jr. WNBA Abu Dhabi League Finals, Davis praised the growth of the gam»»»

Kyiv: A barrage of missiles fired at several major Ukrainian cities set Kyiv’s historic Dormition Cathedral on fire and killed eleven, while Ukraine strikes claimed three lives in a city south of Moscow. AFP journalists across Kyiv witnessed residents running through the streets seeking shelter thr»»»

Abu Dhabi: The UAE has stressed the importance of dialogue, diplomacy and adherence to international law following the announcement of an agreement on a memorandum of understanding between the United States and Iran. In a statement on Monday, the Ministry of Foreign Affairs underscored the importan»»»

Kyrgyzstan is experiencing a severe shortage of speech therapists and special education teachers. This is leading to a shortage of such personnel in educational institutions across the country. Durus Kozuev, Deputy Minister of Science, Higher Education, and Innovation, stated at a meeting of the Zh»»»

Hungary continues to reject the European Union’s Migration Pact in its current form, therefore the government has not completed a plan for its implementation in Hungary and it is “not planning to submit such a document in future“, the interior minister said in parliament’s European affairs committe»»»

Washington, United States: US President Donald Trump celebrated his 80th birthday with a brutal display of political machismo Sunday, turning White House lawn into an arena for a bloody evening of cage fights. In unprecedented scenes in the revered seat of American democracy, Trump sat with thousan»»»

Doha, Qatar: The Public Works Authority ‘Ashghal’ announced the completion of all works of Phase 7 of the Road Improvement Project in the Western, as part of Ashghal’s efforts to develop road networks and infrastructure services in various regions of the country. In a statement by Ashghal, the proj»»»

In a geopolitical and economic context defined by constant pressure on liquidity and a continuous need for investment, companies in Romania are facing an increasingly complex reality. While in the past competitive advantage was supported mainly by lower costs and skilled human resources, today it d»»»

Dubai: Gold prices in Dubai jumped on Monday, reversing last week’s drop and pushing retail rates back near the levels seen earlier this month. (Check latest UAE gold prices here, alongside prices in Saudi Arabia, Oman, Qatar, Bahrain, Kuwait, and India.) Sign up for our daily business newsletter, »»»

A wave of international acclaim swept across the global stage Sunday as world leaders welcomed the landmark memorandum of understanding between Iran and the United States, hailing the agreement that brings an immediate and permanent end to what many described as the US‑Israeli war of aggression aga»»»

Bulgaria's Prime Minister Rumen Radev and Minister of Economy, Investments and Industry Alexander Poulev attended the inauguration of new production facilities developed under Alcomet AD's Priority Investment Project in Shumen on Monday. The company is Bulgaria’s largest producer of rolled and extr»»»

Abu Dhabi City Municipality is continuing efforts to improve pedestrian safety and mobility through an integrated project covering the operation and maintenance of bridges, tunnels and other pedestrian facilities across Abu Dhabi Island and the mainland. The municipality said the project forms part»»»

RTPR has assisted regional private equity fund active in South-Eastern Europe Provectus Capital Partners in relation to the acquisition of a majority stake in Seatbelt Consulting, Romania’s market leading provider of ...»»»

The global business climate is deteriorating at an accelerating pace: business insolvencies surged by 12% in early 2026, driven by North America (+22%). Against a backdrop of geopolitical tensions and mounting cost pressures, Coface now forecasts a 6% rise in insolvencies worldwide for 2026. Key po»»»

Raiffeisen Bank is launching Diaspora, a checking account and benefits package designed specifically for Romanians living and working abroad. It was developed based on the actual needs identified among this community and validated by the high level of interest generated during the pre-launch campai»»»

Romania's insurers paid on average over 1.15 million euro per day in 2025 to life insurance policyholders, with the total amount of claims paid exceeding 421 million euro, increasing by 12% compared with the previous year, according to the National Association of Insurance and Reinsurance Companies»»»

The Board of Governors of the European Investment Bank (EIB), comprised of European Union Finance Ministers, endorsed the Bank’s strategy to deliver on shared policy priorities, with increased financing and risk appetite, deploying its full potential to mobilise investments for energy autonomy, tec»»»

The European Central Bank (ECB) has decided to increase the benchmark interest rate by 0.25% from 2% to 2.25%, the first interest rate increase since September 2023. Eurozone inflation is already above 3%, above the 2% target pursued by the ECB. Bank officials fear that higher oil and gas prices wi»»»

The Romanian Association of Banks (ARB) firmly rejects the accusations of the Competition Council in the file regarding the establishment of the ROBOR index and publicly requests the institution to provide concrete explanations regarding the establishment of guilt, according to a press release. 'AR»»»

Sergiu Manea, Executive Chairman of Banca Comerciala Romana, claims that ROBOR is relevant only for a samll part of the bank's clients and that the indicator only shows the price, the temperature of the economy. Its increase was determined by high inflation, generated by the war, rising energy pric»»»

Romania’s annual inflation rate rose to 10.85% in May, from 10.71% in April, as services became 13.53% more expensive, non-food goods increased by 12.54%, and food prices rose by 6.78%, according to data published by the National Institute of Statistics (INS). The increase was driven in particular »»»

Kyrgyzstan, along with other countries, is increasing funding to fight HIV, the UN News Service reports. According to a new report from the Joint United Nations Programme on HIV/AIDS (UNAIDS), the fight against HIV is currently facing a serious crisis—a decline in external funding, restrictions on »»»

A criminal case has been opened against an employee of the Sverdlovsky District Municipal Administration of Bishkek, the Prosecutor General’s Office of the Kyrgyz Republic reported. The Bishkek City Prosecutor’s Office conducted an investigation into complaints received during meetings with residen»»»

An earthquake was recorded in Issyk-Kul region, the Institute of Seismology reported. According to experts, the tremors occurred around 4 a.m. in China. The epicenter was located 143 kilometers southeast of Karakol city. The earthquake's intensity at its source was up to 3.0 on the Richter scale. N»»»

Police in Tokmok are investigating the circumstances of a mass brawl that occurred near Ala-Too café. According to law enforcement authorities, information about a conflict involving several individuals was received on June 14. The incident has been officially registered, and investigative and oper»»»

One of the largest projects in the history of Kyrgyzstan’s mining industry has officially begun in the highlands of Issyk-Kul region — the development of Togolok gold deposit. The project is considered strategically important for the country’s economy and, for the first time in independent Kyrgyzst»»»

Dhaka: Bangladesh's gross foreign exchange reserves rose to 35.63 billion U.S. dollars on Sunday after the country received more than 1 billion U.S. dollars in budget support loan from the Asian Development Bank (ADB), the latest central bank data showed. According to the International Monetary Fun»»»

Arab Finance: Ezz El Arab El Sewedy Industrial Investment Group signed an agreement with China-based ROX Motor to establish ROX Egypt to commence production of ROX's range-extended electric vehicles (REEVs) at the group's manufacturing facilities, according to a statement. The partnership marks a s»»»

BELGRADE - The Serbian dinar's official median exchange rate against the euro is 117.3840 dinars for one euro on Monday, which is a slight change relative to Friday, the National Bank of Serbia said. The dinar is steady against the euro m-o-m, down by 0.1 pct y-o-y and down by 0.1 pct relative to t»»»

BELGRADE - Serbian President Aleksandar Vucic will be on an official visit to Georgia from Monday to Wednesday, June 17, the presidential press office has announced. While in Tbilisi, Vucic will meet with President Mikheil Kavelashvili, PM Irakli Kobahidze, Parliament Speaker Shalva Papuashvili and»»»

SK Group Chairman Chey Tae-won arrives at the Seoul High Court in southern Seoul on Monday to attend a mediation session on their asset division. Pool photo by Yonhap SK Group Chairman Chey Tae-won and his former wife, Roh Soh-yeong, failed to reach an agreement in a court mediation session for the»»»

Lebanese Speaker of Parliament Nabih Berri welcomed on Monday the announced Memorandum of Understanding between Iran and the United States, highlighting in particular its regional scope and its inclusion of Lebanon. “The memorandum lays the foundations for security and stability in the region, incl»»»

Bulgaria will begin negotiations with airlines for new charter programs in an attempt to restore the German tourist market, which has been experiencing a serious decline in recent years, Tourism Minister Ilin Dimitrov said on Monday. Dimitrov, who attended the opening of the Experience Bulgaria 202»»»

RIYADH: King Abdulaziz International Airport on June 14 welcomed the first domestic flight of Riyadh Air, the new national carrier of Saudi Arabia. The launch is part of the airline’s domestic network expansion, initially offering two daily flights between Riyadh and Jeddah. This initiative aims to»»»

Jiuquan: China on Monday launched a Lijian-1 Y14 carrier rocket with eight satellites onboard. The rocket blasted off at 1144 a.m. (Beijing Time) from a commercial space innovation pilot zone in northwest China and successfully sent its payload into the planned orbit. All the satellites onboard are»»»

Singapore: Gold rose by more than 2% on Monday following the conclusion of an agreement on a memorandum of understanding between the United States and Iran, which led to a decline in oil prices and eased concerns about inflation and rising interest rates. Spot gold climbed 2.5% to $4,322.87 per oun»»»

Dubai: As Muslims around the world prepare to welcome the new Hijri year, preparations are under way at the Grand Mosque in Mecca for the annual replacement of the Holy Kaaba's Kiswa, one of the most significant rituals associated with Islam's holiest site. The process, which culminates on the firs»»»