The Ukrainian parliament has approved the purchase of two Russian nuclear reactors originally intended for the Belene Nuclear Power Plant (NPP) in Bulgaria. This decision came after a vote by the energy committee on January 16, which passed an amendment to a law aimed at improving the country’s business climate. The amendment specifically authorizes the…
Preparations for Bulgaria’s entry into the eurozone are well underway, despite the exact timeline remaining uncertain. While the government has not specified the date of the country’s adoption of the single European currency, regulatory changes are being made to ensure a smooth transition. Recently, the caretaker government has approved a decision requiring the State Commission…
The European Bank for Reconstruction and Development (EBRD) set a new investment record in the Baltic States, committing 540 million euros in 2024. This surpasses previous highs of 358 million euros in 2022 and 323 million euros in 2023, with a remarkable 95% of the funding supporting green projects. Estonia and Lithuania led the way…
The practice of hiring workers without formal employment contracts remains a widespread violation of labor and social security laws in Bulgaria, according to data from the Confederation of Bulgarian Trade Unions (CITUB) collected over the past year. The most frequently affected sectors include services, repair work and the restaurant industry. Velichka Mikova, CITUB’s national secretary…
Gas Transmission System Operator of Ukraine LLC (GTSOU) and several key organizations and companies have signed a Memorandum of Understanding to establish and support the implementation of the Ukraine-EU Hydrogen Corridor. The relevant statement was made by the company’s press service. “The signing took place with representatives from Gas TSO of Ukraine, Stadtwerke Munchen, Wien…