In January, businesses maintained their business performance expectations at the level of the previous year due to seasonal factors, the difficult security situation and rising production costs. This is evidenced by the business activity expectations index (BAEI), which the National Bank of Ukraine (NBU) calculates on a monthly basis. “The BAEI was 41.0 in January…
The Bulgarian government’s decision not to recognize the Bulgarian Employers’ Association for Innovative Technologies (BRAIT) as a representative organization for employers at the national level has led to its exclusion from the National Council for Tripartite Cooperation (NCTC). This decision, made by the Council of Ministers through its resolution No. 37/29.01.2025, has sparked criticism, with…
Frankenburg, a European defence tech company founded in Estonia last year, is expanding its operations to Lithuania and has appointed Karolis Zemaitis, a former deputy economy minister, as the managing director of the local unit. “Frankenburg will open an office in Lithuania to expand the development and manufacturing of affordable missiles. This move establishes Frankenburg…
Economists have urged Bulgaria’s leadership to submit an application to the European Commission and the European Central Bank for an extraordinary convergence report on joining the eurozone. This appeal was directed to the Speaker of the National Assembly, the Bulgarian Prime Minister and the President. The petition comes in light of concerns over the draft…
An Elron train arrived at Riga Central Railway Station for the first time on February 4 at 5:46 p.m. after a test run on Latvia’s railways. The connection is expected to launch this summer. On February 4-6, test runs of Elron’s Stadler Flirt trains are being carried out on the railway section between Estonia’s Valga…
The International Atomic Energy Agency (IAEA) has inspected nine substations essential to the operation of Ukraine’s nuclear power plants, assessing the situation as quite critical. IAEA Director General Rafael Grossi made this statement during his visit to one of the substations. Grossi emphasized that nuclear power plants not only generated electricity but also required a…