Bulgaria is on track to meet the inflation benchmark required for Eurozone membership by September, according to Finance Minister Asen Vassilev. Speaking at a conference focused on the currency union, Vassilev expressed confidence in Bulgaria’s ability to fulfill the necessary criteria within the specified timeframe. “Inflation is declining rapidly, currently standing at 3.3%, below the…
Housing affordability in Baltic States improved slightly in Q4 2023, according to Swedbank representatives. In Riga housing affordability index (MP) reached 147.6. This value means the income of households whose income meets 1.5 average net monthly wage amount in Riga and that want to acquire a 55-square meter apartment was 47.6% higher than necessary to…
The Cabinet of Ministers of Ukraine has decided to create industrial parks in the Rivne and Lviv regions. This was announced by Prime Minister Denys Shmyhal at a government meeting on March 16. “We understand the need to further strengthen our economic self-sufficiency. That is why the government’s agenda constantly includes new and updated programs…
As estimated by the National Bank of Ukraine (NBU), the inflation rate will remain within the target range of 5% + 1% in the first half of 2024. Meanwhile, in the second half of the year, inflation processes may accelerate. The relevant statement was made by the NBU’s press service, following a meeting of the…
The Bulgarian Chamber of Commerce and Industry is preparing a Bulgarian-Moldovan business forum on March 26-27 in the Moldovan capital of Chisinau, the Bulgarian Chamber of Commerce and Industry (BCCI) reports. The event is organized together with the Moldovan Investment Agency with the support of the Ministry of Economy and Industry of Bulgaria on the…
Warsaw city council has approved 56 million zloty (EUR 13 million) for “pre-design” work on a fourth metro line. Mayor Rafal Trzaskowski, who is standing for reelection next month, says a contract will be signed this week. However, his announcement has been criticised as a stunt by one of his rivals, who accuses the mayor…
The European Investment Bank will provide Moldova with a loan worth 41.2 million euros. The money will be used for the repair of the railway corridor, Valcinet – Ocnita – Balti – Ungheni – Chisinau – Cainari. The contract on financing to this effect was ratified by the parliament. Also, Moldova will benefit from a…