Bulgaria: country secures gas supplies for winter

The underground gas storage facility “Chiren” has reached its full storage capacity, according to an announcement by Bulgartransgaz. As stipulated by European Regulation 2017/1938, EU countries are required to ensure that gas storage facilities are at least 90% full as of November 1 each year to secure supply. For the second consecutive year, Bulgaria has…

Baltic States: single approach to more efficient implementation of Rail Baltica and railway infrastructure management will be composed

Baltic ministries responsible for Rail Baltica project will work together with the Directorate-General for Structural Reform Support of the European Commission (DG Reform) and Technical Support Instrument (TSI) and compose a unified approach to a more efficient implementation of Rail Baltica project and management of railway infrastructure, as reported by representatives of Latvia Ministry of…

Bulgaria: no tax increases are planned in 2025

Bulgaria’s Deputy Prime Minister and Finance Minister Lyudmila Petkova stated that the Ministry of Finance had developed various revenue and expenditure measures to keep next year’s budget deficit within 3% of GDP on an accrual basis. Following a meeting of the National Council for Tripartite Cooperation, Petkova confirmed that there were no planned tax increases…

Ukraine: Minister of Strategic Industries meets Indian Ambassador to discuss defense industry cooperation

Minister of Strategic Industries Herman Smetanin held discussions with Indian Ambassador Ravi Shankar regarding the potential cooperation between Ukraine and India in the defense industry. The meeting also included the naval attache Santosh Belliappa. Smetanin emphasized that India was a strategic partner for Ukraine. “Ukraine is open to expanding the geography of partnerships in the…

Ukraine: Ukrzaliznytsia expects to increase freight traffic volumes

In 2024, Ukrzaliznytsia JSC will transport 175 million tons of goods, which is 15% higher compared to last year’s results. The relevant statement was made by Ukrzaliznytsia JSC Commercial Department Deputy Director Valerii Tkachov on the sidelines of the VI International Conference “Production, Operation and Maintenance of Rolling Stock”. “We will radically increase our previous…