The Cabinet of Ministers has adopted a number of resolutions to reform the state reserve system. Prime Minister Denys Shmyhal announced this during an offsite meeting of the Government in Mykolaiv on September 26. “A new respective law has been adopted, which provides for a fundamental change in approaches in this area. Changes are based…
Bulgaria risks losing at least 2 billion leva (1 billion euros) in European funding due to the National Assembly’s failure to approve amendments to the Recovery and Sustainability Plan, along with the new chapter and updated roadmap for climate neutrality. Acting Deputy Prime Minister and Finance Minister Lyudmila Petkova warned at a media briefing following…
The average price of electricity in the Baltic States increased by 9% in August compared to July, to 106.95 EUR/MWh, JSC “Latvenergo” Financial Products Specialist Inga Martinsone said in the company’s latest Electricity Market Review. Last month the lowest hourly price of electricity in the Baltic States was -19.96 EUR/MWh, whereas the highest was 407.42…
The Ministry of Finance is working on a budget with a deficit of up to 3% on an accrued basis, the Deputy Minister Martin Danovski has confirmed. This figure aligns with the Maastricht Treaty criteria, which is essential for Bulgaria’s entry into the Eurozone. When asked about the clarity on the main financial parameters for…
Despite the tough wartime conditions, farmers in Mykolaiv region made more agricultural products over 7 months of this year than last year. This was announced by Prime Minister Denys Shmyhal during an offsite Government meeting on September 26. “Farmers of the region successfully use state support programmes. Since the beginning of the year, they have…