The winner of the auction for the privatisation of the Ukraina Hotel paid UAH 2.5 billion to the state budget. Also, UAH 502 million in VAT was paid. In total, the Ukrainian budget received over UAH 3 billion. “The first large-scale privatisation object has acquired new owners, which means it has prospects for additional investment…
In a significant move to boost business relations, ten business leaders in Bulgaria established the first Bulgarian-Czech Chamber of Commerce at a recent event held at the Czech Embassy in Sofia. The gathering was attended by Czech Republic Minister of European Affairs Martin Dvorak and Czech Ambassador to Bulgaria Miroslav Toman. The prominent Bulgarian PR…
With 100 days to go before the planned synchronisation of the Baltic power grids with continental Europe, Energy Minister Dainius Kreivys does not expect Russian provocations against Lithuania. He points out that Moscow is also dependent on Lithuania energetically, as it is a transit country for gas and electricity going to the Russian region of…
For the first time, the money circulation in Bulgaria has surpassed 30 billion leva. According to the Bulgarian National Bank’s (BNB) publication “Overview of the Issue and Cash Activity”, the total value of banknotes and coins in circulation reached BGN 30 billion and 356 million as of the end of September. The number of banknotes…
Estonia, Latvia and Lithuania are all to blame for the problems with Rail Baltic because they have never agreed on the details, the chairman of the Latvian parliament’s investigative committee has said. It could also be reclassified as a military project. The Rail Baltic Research Committee of the Latvian Parliament is currently preparing its final…
The European Bank for Reconstruction and Development (EBRD) will allocate funds to upgrade the dual-voltage electric locomotive fleet, and Ukrzaliznytsia JSC will purchase 50 electric locomotives as part of this loan. The relevant statement was made by the Ukrainian Communities and Territories Development Ministry, following a meeting between the representatives of the ministry and the…