Poland’s Development Ministry has unveiled plans for a new mortgage subsidy scheme aimed at first-time homebuyers. It hopes to launch the programme early next year. However, two other ministries, the central bank and trade unions have expressed concern that the scheme could put further upward pressure on housing prices, which are already rising at the…
More than EUR 1 billion will be given to the Rail Baltic project, which will eventually connect Tallinn to the Polish border, the European Commission has said. Together with national co-financing from the three Baltic States, the available funding will increase by EUR 1.5 billion, Latvia’s public broadcaster LSM reports. Of the additional funding, Estonia…
The Association of the Organizations of Bulgarian Employers (AOBE) has urgently called for government action to address the soaring electricity prices affecting businesses in Bulgaria. In an open letter to the authorities, the AOBE is demanding compensation measures to support the economy and maintain the industrial sector. To mitigate the impact of these high electricity…
This year agricultural enterprises in the Mykolaiv region have started to increasingly grow niche crops. The relevant statement was made by the Director of the Department for Agro-Industrial Development at Mykolaiv Regional Military Administration Olena Piskun. “Mykolaiv farmers have rapidly increased the growing of such niche crops as flax, mustard and coriander. For example, prior…
A power unit is back in operation following scheduled repairs at one of Ukraine’s nuclear power plants, the press service of Energoatom, Ukraine’s national nuclear energy operator, reports. “Energoatom has reconnected to the power grid ahead of time another power unit, following the reloading of nuclear fuel and scheduled repair,” the statement reads. It is…
Krakow has appointed a “night mayor” who will be responsible for reconciling the needs of the city’s residents, business owners and tourists. Jacek Jordan, a historian and tourist guide with 18 years of experience, was on July 16 named the first person to hold the office. “Amsterdam, Toulouse, Florence, Prague and, as of today, Krakow…
This year marks the 100th anniversary of the first chocolate factory established in Bulgaria, located in the town of Svoge. Interestingly, this factory is home to the fastest candy assembly line in the world. For over a century, the factory has kept its secrets, including the creation of the first milk chocolate in Bulgaria. Today,…