Last year, Ukraine’s defense production potential increased from $12 billion to $35 billion. Now, more than 30% of weapons and ammunition used by Ukraine’s Defense Forces against the Russian aggressor are domestically produced. The relevant statement was made by Ukrainian Strategic Industries Minister Herman Smetanin during the Second EU-Ukraine Defence Industry Forum in Brussels. “We,…
The liberalization of the electricity market for households – meaning that residential consumers would join the free electricity exchange where businesses have traded for years – is being postponed. At least for now. The reform was supposed to take effect on July 1, following an initial 365-day delay approved by Parliament in 2024. In the…
Inflation in Bulgaria is projected to rise ahead of the country’s euro adoption, as indicated in the Ministry of Finance’s latest spring Macroeconomic Forecast. The anticipated increase is largely driven by higher prices for services and food. According to data based on the EU consumer basket, the average annual inflation rate in 2024 was recorded…
At the Second EU-Ukraine Defence Industries Forum (DFNC2: EU Edition) in Brussels, Ukraine’s Minister of Strategic Industries Herman Smetanin and Jan Pie, Secretary General of the ASD Europe, signed a Memorandum of Understanding on cooperation in the defence industry. The Memorandum aims to advance the shared interests of Ukrainian industry and ASD members. To this…