After an extensive and meticulous investigation, Bulgaria’s Prosecutor’s Office announced the closure of the high-profile inquiry into the cryptocurrency firm Nexo. The decision, arrived at on December 22, stemmed from the absence of compelling evidence substantiating allegations of money laundering, tax infractions, or illicit financial services provision without proper authorization. The investigation, which spanned a…
The first EU pandemic recovery funds under Poland’s National Recovery Plan (KPO) could come to Poland late in the first quarter or early in the second quarter of 2024, the new funds minister said. The new Polish pro-EU government, which took office in mid-December, was determined to mend relations with Brussels, which had been strained…
The parliament voted for the state budget for 2024, aimed at backing the social, education and infrastructure’s development fields, in the second reading on December 22. The document provides for the increase in the childbirth allowance, growth of the salaries of teachers by 15% and doubling scholarships of the students from the faculties with pedagogical…
For Ukraine to become economically self-sufficient, the key priority should be the development of domestic production and the transition from raw materials to processing. The goal is to increase the share of the manufacturing industry in GDP from 8% to 20%. To this end, the Government will direct investments in the real sector of the…
The coming months offer hope for a stabilisation of inflation in Poland, Andrzej Domanski, the minister of finance, has said. “The bane of the Polish economy has been very high inflation in 2022 and 2023,” the minister said in parliament on December 21. “In 2022, it averaged 14.4%, and this year it would be around…
Bulgaria will finance more development projects in the southern region of Moldova. A memorandum of understanding to this effect was signed in Chisinau on December 20. Ambassador of Bulgaria to Moldova Maya Dobreva welcomed the signing of the memorandum and urged the beneficiaries to turn to good account the opportunities of the projects due to…
The National Bank of Ukraine has projected that the reduction in Ukraine’s foreign trade volume, resulting from restrictions on freight transport movement through the western borders in November and December, may amount to $1.5 billion. Notably, the specified reduction reached $860 million in November, with an anticipated additional decrease of $620 million in December. “According…