Prime Minister Nikolai Denkov has extended a warm invitation to representatives of 15 of the largest American companies, emphasizing Bulgaria’s strategic importance as a gateway to Europe. During a meeting that included US Ambassador to Bulgaria Kenneth Merten and Eric Stewart, the Chairman of the American-Central European Business Association, Denkov highlighted Bulgaria’s unique advantages for…
The Swedish company H&M will resume operations in Ukraine in November, Foreign Minister Dmytro Kuleba has announced in an interview with The Village. “Last week, our diplomats in Stockholm received final confirmation that Ukrainian H&M stores, which were closed due to Russia’s full-scale invasion, would begin to resume operations in November,” Kuleba said. He added…
Since the beginning of the year, almost 12,000 agricultural enterprises have received UAH 62 billion in bank loans for the development of farms. Of these, more than 9,300 enterprises received UAH 35.9 billion in loans under the Government’s Affordable Loans at 5-7-9 programme. Agricultural enterprises in the following regions received the largest amount of loans…
Poland’s manufacturing sector purchasing managers’ index, PMI, edged up to 44.5 points in October from 43.9 points in September, as the overall downturn eased for the second month running, according to a report by S&P Global. “Business conditions at Polish manufacturers continued to deteriorate sharply in October,” S&P Global wrote in the report on Poland.…
Dronamics, the world’s first cargo drone airline licensed to operate in Europe, and Hellenic Post (ELTA) have announced an agreement that will lead to the first postal deliveries by cargo drones in Greece. Dronamics, which designs, develops and operates cargo drones, will provide medium-distance deliveries to Hellenic Post, the national postal service of Greece. The…
The collections to the national public budget managed by the State Fiscal Service (SFS) amounted to 51.96 billion lei in January-October, up by 16.6% YoY. Thus, about 22.3 billion lei was collected to the state budget, up by 15.1%. Collections worth 5.9 billion lei were registered in the local budgets, up by 20.7%. Also, 17.7…
In October, businesses returned to reporting guarded expectations for their current economic performance. This is evidenced by the business activity expectations index (BAEI), which the National Bank of Ukraine calculates on a monthly basis, apart from the forced break in March-May 2022. “Persisting considerable security risks, the destroyed production facilities of some companies, logistical hurdles…