President Volodymyr Zelensky signed off the law on the restoration of medium-term planning in local budgets, the parliament’s press service reported. “The new law sets a mandatory condition for receiving financing from the World Bank,” it said. Legislation restores medium-term planning in local budgets (drafting an outlook of local budgets for three coming years). Temporarily…
In 2023, Bulgaria’s exports totaled 86.9 billion leva, reflecting a decline of 6.5% compared to the previous year. The National Statistical Institute reports that the most significant growth in exports occurred in January, with an 18% increase, while the steepest decline was seen in June, dropping by 15.5%. The sector that experienced the highest growth…
The Latvian national airBaltic airline promises to continue its expansion in Vilnius, increase its fleet of aircraft stationed there, as well as the number of destination offered there, as reported by the airBaltic CEO Martin Gauss. “We are expanding into Vilnius. Every year we increase the number of destinations from Vilnius. Therefore, we continue to…
This summer is shaping up to be better for Bulgarian tourism compared to the last pre-pandemic year, 2019, according to the Minister of Tourism Evtim Miloshev. However, current statistics indicate that while Bulgarian tourists are declining, the number of foreign visitors is on the rise. In the peak summer season, 7,500 fewer Bulgarians visited the…
Deputy Minister of Energy of Ukraine Roman Andarak met with Pietro Pipi, Director of the Italian Agency for Development Cooperation (AICS), and Stefano Moser, Consul of the Italian Embassy in Ukraine. The parties discussed areas of cooperation to strengthen the resilience of the Ukrainian energy system in the face of russian attacks. This is of…