This year, supporting and developing the economy remains one of the primary objectives of the Government. This was emphasised by Prime Minister Denys Shmyhal during a session of the Cabinet of Ministers on January 7. “We keep implementing successful programmes that help businesses and contribute to the economic recovery of the country. More than 23,000…
Bulgaria is currently meeting the Maastricht criteria required for eurozone membership, with its macroeconomic indicators showing a stable path toward adopting the euro until 2024. According to data from Eurostat, inflation in Bulgaria has remained consistently below 3% for several consecutive months, fulfilling one of the key conditions for joining the single currency. From June…
During recent inspections in Bulgaria’s winter resorts, tax authorities uncovered several establishments failing to issue proper sales receipts. The National Revenue Agency (NRA) conducted checks across popular tourist destinations, including Bansko, Razlog, Dobrinishte, Banya, Borovets, Smolyan and Pamporovo, identifying 28 businesses that were not fully compliant with reporting regulations. Among the violations found were discrepancies…
The state budget for 2025 provides UAH 1.6 billion for the purchase of school buses to maximise the number of children attending full-time education facilities, especially in rural areas. Thus, the Government has recently approved the distribution of the state budget subvention to local budgets for the purchase of school buses in 2025 among the…
On January 5, the IAEA staff present on the occupied territory of Zaporizhzhia NPP recorded two loud explosions near the plant amid reports of a drone attack on the training center of the plant. This was reported in a statement by the IAEA Director General on the situation in Ukraine. “Staff of the International Atomic…
Bulgaria’s banking sector is bracing for an increase in non-performing loans (NPLs), as the cost of covering potential bad debts has nearly doubled in 2024. According to the Bulgarian National Bank (BNB), the provisions for impairment of financial assets reached 578 million leva as of the end of November 2024, a significant rise compared to…
A new train route between Vilnius and Tallinn was launched on January 6, extending the Vilnius-Riga service that had been running for over a year now. Rail operators from the three Baltic countries – LTG Link, Vivi and Elron – have aligned their train schedules to make it possible for passengers to travel from Vilnius…