It will not be possible to double the annual tax-free income allowance to 60,000 zloty (EUR 13,929), which Prime Minister Donald Tusk has previously promised to do this year, until 2026 at the earliest, the finance minister has admitted. He says “there is no room” in the budget for the measure before then because Poland…
The housing market in Bulgaria witnessed mixed trends in the fourth quarter of 2023, with overall prices experiencing a modest increase of 1.2%, according to the latest data released by the National Statistics Institute. While this marks a slowdown compared to the preceding quarter’s growth of 2.7%, the market continues to show resilience amid evolving…
On March 25, the US Congress passed a bill that involved a total of $228 million in military and defence aid to Lithuania, Latvia and Estonia this year under the Baltic Security Initiative. “Support from the US has significantly helped Estonia, Latvia and Lithuania fast track several military infrastructure and capability development projects,” Estonian Defence…
Power engineers continue to repair the damage caused by the massive attack on March 22. Despite the extent of the damage, the system is operating in a balanced manner. On March 23, a unit of the thermal power plant was shut down for an emergency, while another unit of the thermal power plant was brought…
Prior to the war, Ukraine began to implement energy saving technologies. Now, the war is forcing the country to speed up efforts in this area. The relevant statement was made by Energy Efficiency Fund CEO Yehor Fareniuk on the sidelines of the 10th Berlin Energy Transition Dialogue. In particular, Fareniuk emphasized the urgent need to…
The executive committee of the National Bank of Moldova (BNM) has ruled, by unanimous vote, to reduce by 0.5% the basic rate applied to the principal operations of monetary policy for short-term, to the level of 3.75% annually. BNM Governor Anca Dragu has made statements to this effect. At the same time, the interest rates…
Bulgarian lawmakers have taken a significant step toward bolstering the nation’s energy infrastructure by advancing cooperation with the United States for the construction of Units 7 and 8 at the Kozloduy Nuclear Power Plant (NPP). In a pivotal move, Members of Parliament (MPs) approved in the second reading the proposal to collaborate with the USA…