Wednesday , 17 December 2025

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Bulgaria seeks political backing to switch to euro

Bloomberg A decade after joining the European Union, Bulgaria is stepping up its lobbying efforts to switch to the euro, part of an expansion by the bloc that could help stabilize the volatile Balkan region. The former communist country will ask euro-area politicians to back its bid to join the ERM-2 exchange-rate mechanism, the precursor to adopting the common currency, …

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Ryanair puts expansion ahead of profit with Boeing jet binge

Bloomberg Ryanair Holdings Plc plans to accelerate its European expansion to take advantage of financial woes at regional competitors and reduce its reliance on an uncertain UK market. Europe’s biggest discount carrier is in talks with Boeing Co. to add two or three more 737 jets to its existing delivery schedule while extending leases on 10 other planes through 2019, …

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Modi weighs privatizing indebted state carrier Air India

Bloomberg Indian Prime Minister Narendra Modi is actively considering a proposal to privatize state-run Air India Ltd., possibly asking the buyer to absorb loans of about 200 billion rupees ($3.1 billion) linked to aircraft purchases, a person with direct knowledge of the matter said. The deliberations follow recommendations by a government panel for the sale of the money-losing carrier that …

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