Construction plans for a city-centre site owned by electricity distribution company Zapadoslovenska Energetika (ZSE) in the Mlynske Nivy district of Bratislava have been under discussion for several years, but the future shape of the development is now clear. The project, tentatively titled EHQ Multifunctional Complex, is led by the developer Immocap. It has recently received…
Tourism Minister Evtim Miloshev announced that 2024 had been the best year for Bulgarian tourism since the introduction of statistical tracking. Indicators such as tourism revenue, accommodations, tourist numbers, registrations and border checkpoint traffic have all reached record levels. Despite the positive data, Miloshev noted that Bulgaria’s resorts still faced significant challenges that needed addressing.…
The hryvnia weakened by 13% against the dollar over the year of the managed flexibility regime on the foreign exchange market, which at the same time helped curb inflation and improve the trade balance, the National Bank Governor Andriy Pyshnyi wrote this in an oped for Economic Pravda. “In the year of managed flexibility, the…
The city of Ivano-Frankivsk has three cogeneration units that generate electricity through gas combustion. There are plans to install three more, Ivano-Frankivsk Mayor Ruslan Martsinkiv has announced. “The Ivano-Frankivsk locomotive repair plant already has a cogeneration unit that generates electricity by burning medium-pressure gas. To date, three cogeneration units have been installed in our city.…
In Bulgaria, purchasing a 100-square meter apartment requires the equivalent of 199 monthly salaries, according to a recent study that compares real estate prices across 62 countries against average local wages. The report by BestBrokers.com identifies Denmark as the most affordable country in Europe for homebuyers relative to average income, where the average cost of…
Excise duties on most goods in Latvia will remain lower than those in Estonia even after hikes Estonia’s southern neighbor plans to put in place over the next three years, “Aktuaalne kaamera” reports. Latvia has no current plans to raise VAT, unlike Estonia, which increased that indirect tax by 2% at the start of this…
Bulgaria’s state gas supply company Bulgargaz has once again blocked all accounts belonging to the municipal heating company Toplofikatsia Sofia (Heating Systems Sofia). This development was initially reported by Focus media, citing reliable sources, and later confirmed by BNT. This marks the first time such action has been taken by Bulgargaz, despite numerous letters regarding…