Due to recent increases in wages, several productions are relocating to more cost-effective destinations. Bulgaria is no longer seen as Europe’s low-wage hub, according to Georgi Parvanov, a member of the Management Board of the Bulgarian Employment Confederation. He highlighted that this shift had led to the closure of several manufacturing plants in places like…
Bashtanka Cheese Plant, which is known for its Slavia brand products, is considering resuming operations in the Mykolaiv region, Vladyslav Dmytriv, the head of the Bashtanka district military administration, has said. “I spoke with the management of the Milk Alliance group of companies, which includes Bashtanka Cheese Plant, as well as with the company’s director.…
Since the beginning of the full-scale war through November 30, the Ukrainian government has raised almost UAH 1.397 trillion in equivalent from the sale of domestic government bonds through primary auctions, the National Bank of Ukraine reports. “In total, from the onset of the full-scale invasion of Ukraine through November 30, the government raised an…
The shortage of qualified professionals entering the Bulgarian labor market has consistently ranked among the top three challenges for businesses over the past five years, and in recent years, it has climbed to the top two, following economic uncertainty. This was stated by Vasil Velev, Chairman of the Board of the Association of Industrial Capital…
The Organization for Economic Co-operation and Development (OECD) has projected that Bulgaria will join the eurozone in 2026. The organization expects the country’s economic growth to rise from 2.3% in 2024 to 2.8% in 2025, before moderating to 2.6% in 2026. These figures reflect a downward revision from earlier forecasts made in May, when the…
The Ministry of Communities and Territories Development (Ministry of Development) presented the concept of an electronic pricing system in construction, the purpose of which was to analyze and forecast the cost of building facilities with public funding. The prerequisites for creating the system were the lack of effective tools for public control over the cost…
The Ministry of Foreign Affairs of Ukraine and the Canada-Ukraine Chamber of Commerce have signed a Memorandum of Understanding to assist Ukrainian exporters. The signing ceremony took place during the Conference on the Reconstruction of Ukraine, which was held in Toronto. The document was signed by the Ambassador of Ukraine to Canada Yuliya Kovaliv and…