The Ministry of Finance has decided to abandon the proposed tax on subsoil resources, according to Acting Deputy Prime Minister and Minister of Finance Lyudmila Petkova. During a parliamentary blitz control, Petkova explained that the Minister of Energy would increase concession fees to compensate, at least partially, for the anticipated revenue loss. Additionally, a one-time…
“Inter IKEA Group”, which includes Sweden’s “IKEA of Sweden”, has acquired furniture retailer “IKEA” retailers in Baltic States. The deal includes three full-size “IKEA” stores in Riga, Vilnius and Tallinn, five small customer service locations in the Baltic States, as well as an e-commerce and digital retail development company. The company does not reveal the…
During a hearing, Acting Energy Minister Vladimir Malinov indicated that electricity prices might increase during the current heating season. He refrained from making a precise forecast but emphasized the expected rise in consumption. According to Malinov, the electricity regime in Bulgaria remains secure, but the increased demand during the winter months could surpass the levels…
Ukraine and Germany are deepening cooperation in implementing business and human capital support programmes in Ukraine. This was discussed during a meeting between First Deputy Prime Minister and Minister of Economy of Ukraine Yuliia Svyrydenko and German Federal Minister for Economic Cooperation and Development Svenja Schulze. During the meeting, the parties stressed the importance of…