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- Bulgaria approves Rumen Radev as new prime minister to address instability
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- Zelenskyy permits Russia to hold Victory Day parade in Moscow
EU
British Prime Minister Sir Keir Starmer acknowledged painful losses for the Labour Party in local elections, admitting over 20% voter abandonment. With challenges mounting, he plans a speech promising closer ties with the EU, though concerns linger over his leadership stability and potential shifts in UK political dynamics.
Bulgaria’s parliament approved Rumen Radev as prime minister, aiming to end political instability and boost economic development. The election, which saw a vote of 124-70, follows his party’s significant victory in April and comes amid challenges like inflation and energy crises affecting the EU member state.
Ukrainian President Volodymyr Zelenskyy granted approval for Russia’s Victory Day parade in Moscow on 9 May, citing humanitarian reasons after US-brokered negotiations. Concurrently, US President Donald Trump announced a three-day ceasefire beginning Saturday, including a significant prisoner swap between both countries.
EU negotiators are under pressure as they enter critical trade talks with the US, amidst heightened tariff threats from President Donald Trump. German MEP Bernd Lange and the Cypriot EU presidency strive to finalise a summer deal, yet internal divisions complicate the process, raising uncertainties for European businesses.
Catalan Minister Jaume Duch praised Madrid’s diplomatic stance, asserting Spain’s early criticism of US actions, particularly regarding Iran, demonstrates its leadership within Europe. Duch emphasised the necessity for closer ties between regional governments and EU institutions to address local challenges more effectively, supporting greater autonomy for Catalonia.
Trade tensions between China and the European Union are escalating, as Beijing urges EU states to reconsider the “Made in Europe” legislation. This proposal aims to restrict foreign access to EU public procurement, drawing sharp criticism from China, which threatens countermeasures if deemed discriminatory.
European Commission Vice-President Roxana Mînzatu announced a new anti-poverty strategy aimed at eradicating extreme poverty and social exclusion in the EU by 2050. The initiative seeks to address the plight of 92.7 million people currently at risk, despite lacking a dedicated budget for implementation.
Hungary has returned $40 million and 9kg of gold to Ukraine’s Oschadbank, seized during a March raid amid diplomatic tensions. President Zelenskyy lauded this as a crucial step in improving relations, following Hungary’s lift of a veto that previously stalled EU financial support for Ukraine.
EU STRATEGY UPDATE
This morning, Europe prepares for key discussions on energy policy and security reforms.
Urgent measures reflect ongoing geopolitical challenges.
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