Bulgaria: rent consumes 45% of minimum wage

A recent analysis from the European Institute of Trade Unions, highlighted by the European Confederation of Trade Unions, reveals that low-wage earners in most EU countries spend at least a third of their monthly income on rent. This data come just before Dan Jorgensen’s hearing in the European Parliament, where he will be considered for…

Bulgaria: Westinghouse and Hyundai will design AP1000(r) reactors

On November 5, Westinghouse Electric Company, Hyundai Engineering & Construction Co. and “Kozloduy NPP – New Powers” EAD signed a contract in Sofia to initiate engineering services for two nuclear reactors using Westinghouse’s AP1000(r) technology. The event was attended by Bulgarian Prime Minister Dimitar Glavchev, Energy Minister Vladimir Malinov, U.S. Ambassador Kenneth Merten and executives…

Ukraine: entrepreneurs receive 768 concessional loans worth UAH 2.7 billion under Affordable Loans at 5-7-9% programme

Over the past week, entrepreneurs received 768 concessional loans totalling UAH 2.7 billion from authorised banks under the Government’s Affordable Loans at 5-7-9% programme, including 541 loans from public sector banks totalling UAH 1.3 billion. Since the beginning of 2024, entrepreneurs have received 20,325 loans worth UAH 75.9 billion under the programme, including 15,340 loans…