Foreign companies operating in Bulgaria have enjoyed the nation's lowest tax rate among all EU member countries and other advantages. Recent political developments in Bulgaria are a headache for these firms.
The ex-Greek finance minister, who opposed deep austerity imposed by Brussels and Berlin, is to stand in the European elections next year. Announcing the run, Varoufakis said it was time for a European Spring.
The chief executive of the German industrial conglomerate, Joe Kaeser, will not attend the Saudi-organized Future Investment Initiative this week. He said his decision was "the cleanest" though not "the most courageous."
Malagasy head to the polls on Wednesday to elect a new president. In one of the world's poorest countries, campaign expenditure rather than policy is set to decide the outcome.
The election of Jair Bolsonaro as the new Brazilian president has many wondering what the right-wing firebrand could do for Brazil's economy. Stocks are up and many observers hopeful — but the devil is in the details.
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