Petar Ganev, an economist from the Institute of Market Economy, discussed Bulgaria’s readiness for joining the Eurozone in an interview with BNR, noting that the upcoming regular convergence report would likely indicate the country was not prepared. Ganev emphasized the necessity of a government capable of leading high-level discussions and implementing consistent policies for a…
The World Bank has revised its economic forecast for Bulgaria downward for the third consecutive time, according to its latest summer report. Initially projecting a growth rate of 2.1% for this year, the institution’s revised forecast marks a decrease of 0.3%. This adjustment follows previous expectations from last summer, where growth was anticipated at 2.7%.…
In January-May, the compulsory state pension insurance system received UAH 16.4 million in voluntary contributions. The press service of the Pension Fund of Ukraine said this in a post on Facebook. As of June 1, 7,585 voluntary payments totaling UAH 16.4 million have been transferred to the mandatory state pension insurance system. More than half…
On June 13, on the sidelines of the 23rd meeting of the Ukraine Defence Contact Group in the Ramstein format, Deputy Minister for Strategic Industries of Ukraine Sergiy Boyev, Minister of Defence of Ukraine Rustem Umerov and Minister of Defence of Denmark Troels Lund Poulsen signed a memorandum outlining a mechanism for financing the purchase…
Poland’s government has approved a proposal to raise the monthly minimum wage to 4,626 zloty (EUR 1,059) gross next year, which would mark a 7.6% increase. It is the first decision regarding the minimum wage level made by Prime Minister Donald Tusk’s Cabinet, which took office in December 2023. And it has been cautiously welcomed…
Georgi Angelov, senior economist at “Open Society”, shared insights on Bulgaria’s battle against the demographic crisis. In his latest research titled “Salaries Reversed the Demographic Catastrophe”, Angelov delves into Bulgaria’s demographic landscape. He highlighted the stark contrast from two to three decades ago when economic turmoil and low wages triggered a decline in birth rates…
Estonia, Latvia and Lithuania called on the G7 nations to work towards using frozen Russian assets to benefit and rebuild Ukraine. Ahead of the G7 meeting in Italy, Latvian Foreign Minister Baiba Braze, Estonian Foreign Minister Margus Tsahkna and Lithuanian Foreign Minister Gabrielius Landsbergis said that Russia must be held accountable for its brutal and…