Ukraine: Prime Minister discusses expanding cooperation in defence industry and innovation with Latvian counterpart

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A meeting between the Prime Ministers of Ukraine and Latvia, Denys Shmyhal and Evika Silina, took place in Kyiv. The parties discussed bilateral cooperation across various sectors. The Head of the Ukrainian Government expressed gratitude to Latvia for its support and consistent assistance to Ukraine in military, political, humanitarian and sanctions-related areas. “We value Latvia’s…

Bulgaria: Fitch Ratings upgrades BDB credit rating

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Fitch Ratings has upgraded the long-term credit rating of the Bulgarian Development Bank (BDB) from BBB to BBB+, assigning it a stable outlook. The new rating aligns with Bulgaria’s sovereign rating, reflecting the agency’s confidence in the country’s fiscal stability following its decision to adopt the euro. The move signals strengthened trust in both the…

Bulgaria: inflation accelerates in June 2025

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Bulgaria’s annual inflation rate climbed to 4.4% in June, marking its highest point since December 2023. This is up from 3.7% recorded in May, according to fresh data from the National Statistical Institute (NSI). On a monthly basis, inflation rose by 0.4%, reversing the previous months’ more modest or declining trends. The average annual inflation…