On September 24, the Ministry of Finance raised UAH 17.784 billion to the state budget at an auction for the placement of domestic government bonds. The Ministry of Finance offered investors hryvnia-denominated domestic government bonds: UAH 109 million at 14.62% with 1.1-year maturity, UAH 6.124 billion at 15.59% with 2-year maturity and UAH 4.972 billion…
The European Bank for Reconstruction and Development (EBRD) has revised its growth forecast for Bulgaria’s economy for the upcoming two years. The bank now expects a slowdown of 0.4% this year, predicting a growth rate of 2.2%, down from previous estimates. Looking ahead to next year, the EBRD has adjusted its projection from 3% to…
As recession-hit Estonia seeks to boost defence funding with plans to raise value-added, income and corporate taxes, Lithuanian businesses and economists say Lithuania has a chance to increase its competitive position in the region, if it maintains the stability of its tax system. Lithuanian Finance Minister Gintare Skaiste believes that Estonia’s tax changes will have…
Wizz Air has announced the launch of a new route from Sofia to Stuttgart, one of Europe’s greenest cities. Starting in December, flights will operate year-round three times a week. Tickets are available now on the airline’s website and mobile app, with prices starting at 65.99 leva. With this addition, Wizz Air strengthens its presence…
JSC Ukrzaliznytsia and the European Union Agency for Railways (ERA) have signed a memorandum aimed at enhancing the safety, integration and interoperability of the Ukrainian railway system with the European network. “The memorandum underscores our dedication to enhancing the safety and efficiency of the Ukrainian railways, as well as the integration with Europe. This partnership…