Bulgaria: Primorsko and Kiten resorts register tourist boom despite international decline

Primorsko and Kiten, two popular summer destinations on the Bulgarian Black Sea coast, are experiencing a busy tourist season. Zdravko Vasilev, a local resident who had captured photos of the crowded beaches, reported that tourist interest in these resorts remained high despite challenges facing local businesses. During an appearance on Nova TV, Vasilev commented that…

Baltic States: insufficient railway development level limits connections with Europe

All three Baltic States have poorly developed railway system. On top of that, the countries’ railway infrastructure is very poorly connected to other countries, as concluded in the monthly “Connection Failed” study by Greenpeace. The study analysed existing and potentially direct railway connections between the biggest European cities as compared to air connections. In total,…

Czech Republic: government allocates over $21 million to support Ukraine’s economy and development

For the second year in a row, the Czech Republic has allocated more than $21 million for humanitarian support, development and economic assistance to Ukraine, the Prime Minister Petr Fiala has announced. This year, according to Fiala, the Czech Republic will allocate 500 million crowns (over $21 million) in humanitarian support, support for development programmes…

Bulgaria: hoteliers and restaurateurs warn of bankruptcies due to rising electricity costs

Bulgarian restaurateurs and hoteliers are forecasting widespread bankruptcies due to soaring electricity costs. The industry is calling for urgent intervention to prevent potential price hikes for goods and services. Atanas Dimitrov, vice-president of the Bulgarian Hotel and Restaurant Association (BHRA), highlighted a troubling trend of sharp increases in electricity prices during the summer season over…

Ukraine: Japan’s budget support reaches $6.3 billion

Minister of Finance of Ukraine Sergii Marchenko met with Ambassador Extraordinary and Plenipotentiary of Japan to Ukraine Matsuda Kuninori and Senior Vice President of the Japan International Cooperation Agency (JICA) Shohei Hara. The meeting was also attended by Deputy Ministers of Finance of Ukraine Olga Zykova and Alexander Kava and Government Commissioner for Public Debt…