The picturesque city of Varna is experiencing a clash between its tourism sector and proposed plans for offshore wind farms, sparking controversy and opposition within the local community. The draft bill outlining the construction of these wind farms recently passed its first reading in the National Assembly, triggering dissent among various stakeholders. Stoyan Marinov, co-chairman…
On January 29, French billionaire Xavier Niel announced that his investment company, NJJ Capital, agreed to pay $500 million for Turkcell Iletisim Hizmetleri AS’s Ukraine units. The relevant statement was made by Bloomberg. According to Niel, his company’s telecom operations are already in neighboring Poland through Iliad, and the large amount of roaming traffic between…
The National Bank of Ukraine (NBU) sold $421.3 million on the interbank foreign exchange market last week. According to the results of foreign exchange interventions, from January 22 to January 26, the NBU sold $421.3 million and bought $0.52 million on the interbank foreign exchange market. Since the beginning of 2024, the central bank has…
The Railway of Moldova state enterprise (CFM) on January 29 informed that the enterprise’s director general, Oleg Tofilat, had submitted the application on resignation to the founder, the Public Property Agency (APP). “Till the appointment of a successor, Mr. Tofilat will continue exercising his duties, in order to ensure the normal operational work of the…
Estonia, Latvia and Lithuania’s development agencies signed an agreement to increase bilateral and trilateral cooperation on their shared goals. The memorandum of understanding will allow Lithuania’s Central Project Management Agency, the Central Finance and Contracting Agency of Latvia (CFCA) and the Estonian Center for International Development (ESTDEV) to share information and expertise more effectively and…
Bulgaria’s journey toward Eurozone membership has taken a significant step forward, with Finance Minister Asen Vassilev projecting a prospective entry date of January 1, 2025. In a collaborative effort to bolster regional ties, Vassilev engaged in fruitful discussions with Greek Finance Minister Stavros Papastavrou. The ministers underscored the robust and cooperative relationship between Bulgaria and…
Foreign companies invested over EUR 7 billion in Poland last year which almost doubles the 2022 figure of EUR 3.7 billion, the head of the Polish Investment and Trade Agency (PAIH) reported. Marcin Fabianowicz, PAIH director, said that the record value of foreign direct investments (FDI) in 2023 was guaranteed primarily by Intel’s decision to…