Unemployment in Poland has fallen below 5% for the first time since 1990, when the country was beginning its post-communist transition. New data from state statistical agency GUS showed that the unemployment rate fell to 4.9% in June, down from 5% in May. The reading was in line with analysts’ expectations. The last time GUS…
An UAV attack on a power facility in Sumy region resulted in a blackout of several substations and consumers in Sumy and Chernihiv regions. Consumers were partially supplied with power via a backup scheme. In Chernihiv region, the shelling of an overhead line caused simultaneous power outages in 6 settlements. In Donetsk region, a high-voltage…
The current state of the economy and macroeconomic forecasts for the coming years, labour market issues, as well as components of the “Made in Ukraine” economic policy were discussed during a meeting between the leadership of the Ministry of Economy and representatives of the IMF mission to Ukraine. The meeting was attended by First Deputy…
Bulgaria has officially signed a contract for a feasibility study on the development of an East-West energy corridor. This agreement, which involves grant funding of nearly $1.5 million from the US Trade and Development Agency, is a significant step forward in the country’s energy sector. Energy Minister Vladimir Malinov commented on the signing, highlighting that…
Beer production in Bulgaria increased by 4% YoY as of the end of June, with 45% of annual sales traditionally occurring during the four warmest months of the year, according to the Union of Brewers ahead of their professional holiday, celebrated on Ilinden. Over the past 18 months, Bulgarian brewers have introduced 15 new beers,…
As of July 21, the Pension Fund has allocated UAH 51.6 billion for pension payments, including UAH 9.3 billion through JSC Ukrposhta and UAH 42.3 billion through authorised banks. Moreover, UAH 1,309.6 million was allocated for housing subsidies and benefits and UAH 2,199.1 million – for insurance payments, including UAH 1,025 million for sick leave…
The leadership of the Ministry of Finance of Ukraine and representatives of the International Monetary Fund held the final meeting of the IMF mission. The mission took place in Kyiv on July 16-19. The teams of the Ministry of Finance headed by Minister of Finance Sergii Marchenko and the IMF Mission to Ukraine headed by…