The majority in Bulgaria’s parliament has given the green light to the first reading of a new law governing the Bulgarian National Bank (BNB), marking a pivotal moment in the country’s journey toward Eurozone accession. The legislation, if passed, will play a crucial role in facilitating Bulgaria’s entry into the Eurozone. The proposed amendments address…
Poland’s industrial production prices fell by 6.4% YoY in December 2023 against a PAP consensus for a 5.8% decrease, Poland’s Central Statisical Office (GUS) reported. On a monthly basis, the prices dropped by 0.8%. Economists polled by PAP expected December 2023 industrial production prices to drop by 0.6% MoM. (PAP/Business World Magazine)
After a meeting with his Latvian and Estonian counterparts, Lithuanian Minister of Transport and Communications Marius Skuodis said that the Baltic States supported the inclusion of Russian and Belarusian grain in the EU sanctions package. The Baltic States would support the inclusion of grain imports from Russia and Belarus in the EU sanctions package, Skuodis…
Accelerating recovery, stimulating development of the manufacturing sector, increasing non-commodity exports, attracting increased investment into the real sectors of the economy and, generally speaking, creating new investment opportunities, facilitating the return of Ukrainians, in particular, through the eOseia programme – all these are contained in the economic growth strategy for 2024. “Such growth is necessary…
Ukraine and Switzerland will conduct joint business missions for domestic businesses to explore opportunities for Swiss companies to invest in Ukraine, as well as opportunities for Ukrainian companies to expand in Switzerland. These were the results of the Swiss-Ukrainian Roundtable on Recovery and Rebuilding at the World Economic Forum in Davos on January 17. The…
Banker and economist Levon Hampartsumyan addressed concerns about Bulgaria’s adoption of the euro, emphasizing the need to overcome fears and embrace the impending change. According to Hampartsumyan, the shift to the euro as the primary measure of economic success will not only be seamless but also without financial burdens for the public. Contrary to apprehensions,…
Poland’s Sejm, lower house of parliament, has passed a budget bill that will enable the new government to fulfill some of its key election promises, but involves a deficit exceeding EU recommendations. According to the budget bill approved by the Sejm on January 18, state revenues are planned at nearly PLN 682.4 billion (EUR 154.9…