According to data from the National Statistical Institute, food represents the largest share of expenses for Bulgarian tourists, both domestically and internationally. For trips within Bulgaria, more than 40% of the travel budget is allocated to food, while this figure is 34.3% for travel abroad. This information covers the months of April, May and June,…
When electricity prices have reached several hundred euros per megawatt-hour (MWh) already, the Baltic States’ power plants – especially gas-fired plants – should be online as well, former Eesti Energia CEO and former Nord Pool Baltic and Russian region chief Hando Sutter has said. Commenting on the price of electricity, Sutter acknowledged that it was…
Interest rates on existing mortgage loans in Bulgaria are beginning to rise, according to a check by BNR based on recent data. Although these instances are currently isolated and do not yet impact overall statistics, they signal a trend that experts have anticipated for some time. The increase in interest rates is more pronounced for…
The first industrial park has received funding under the state programme to stimulate the development of industrial parks under the “Made in Ukraine” policy. The programme provides funding of up to UAH 150 million to ensure the construction of the necessary infrastructure. Funds are provided on a non-refundable basis, covering up to 50% of the…
As preliminarily estimated by the industry-specific corporation, Ukraine’s grape harvest may reduce by 30% in 2024 compared to the previous year. The relevant statement was made by Ukrvinprom Viticulture and Wine Production Industry Corporation CEO Volodymyr Kucherenko. “The decline in the yielding capacity was caused by several factors, such as the full-scale invasion, weather conditions…
Lithuania’s economy is bubbling promisingly, Latvia’s is stagnating and Estonia’s is struggling in a prolonged downturn. Both major Lithuanian commercial banks, Swedbank and SEB, have ticked up Lithuania’s forecast for the year, boosting confidence that the economy is on the right track. Swedbank is projecting a GDP increase of 2.2% and SEB is predicting a…
The ice cream industry in Bulgaria is facing a significant decline, with production dropping by between 60% and 70% over the past six years. Eurostat data revealed that in 2018 Bulgaria produced 29.6 million liters of ice cream, marking the highest output ever. However, production fell to 19 million liters in 2020, further decreasing to…