The Ukrainian Defense Ministry is working on a development strategy for 2025 and, together with the Ministry of Strategic Industries, is prioritizing investments in the defense industry. Ukrainian Defense Minister Rustem Umerov said this at an annual meeting of the European Business Association as part of a panel discussion devoted to Ukraine’s security. “Together with…
Since the Russian full-scale invasion started, about 10,000 kilometers of railroad tracks in Ukraine have been damaged, destroyed or lost. The relevant statement was made by Ukrzaliznytsia JSC. “Since February 24, 2022, about 10,000 kilometers of railroad tracks and 43 railway station buildings have been damaged, destroyed or lost. Other infrastructure objects also suffered damage,”…
Stanislav Popdonchev, Deputy Chairman and Financial Director of the Bulgarian Chamber of Commerce, expressed concerns over Bulgaria’s economic direction, particularly regarding the goals of joining the Eurozone and Schengen. In a recent interview with BNR, he highlighted that these goals were crucial for economic growth but were currently sidelined due to the lack of a…
The school meals reform has a significant economic impact, opening up new opportunities for educational institutions to purchase Ukrainian products and stimulating the development of producers. With the help of Prozorro Market, public procuring entities managed to purchase products worth over UAH 5.5 billion for schools, hospitals and other government agencies, saving over UAH 1…
First Deputy Prime Minister and Minister of Economy of Ukraine Yuliia Svyrydenko met with the International Monetary Fund (IMF) mission, which started its work in Kyiv for the sixth review of the Extended Fund Facility (EFF) programme. The participants of the meeting discussed the implementation of the indicators of the Ukraine Plan under the Ukraine…
Inflation is expected to rise moderately at the beginning of 2025, according to the Bulgarian National Bank (BNB), despite a significant slowdown throughout 2024. September’s inflation rate reached a low of 1.2% YoY, marking the slowest pace in the last four years. The BNB’s latest “Economic Review” report anticipates this deceleration to continue until year-end,…
In the wake of the Russian war in Ukraine, the Rail Baltica high speed connection must remain on track as a vital military strategic lifeline, which will enhance NATO’s military mobility across Europe, the BBC reports. Rail Baltica, which, the BBC reported, was originally a “grand project” with a civilian transport focus, had become a…