Iliya Lingorski, a member of the Bulgarian National Bank’s (BNB) Governing Board, highlighted the significant logistical challenges of adopting the euro in Bulgaria during a public lecture at the University of Economics in Varna. According to Lingorski, the introduction of the euro involves much more than just currency exchange; it also requires extensive adjustments across…
The Bulgarian National Bank (BNB) has clarified the procedural changes that will take effect with the adoption of the euro as Bulgaria’s official currency. One significant update is that the BNB will no longer announce the base interest rate, as stated in its series of questions and answers about the transition to the euro. With…
The Bulgarian National Bank (BNB) has announced that it will stop publishing the key interest rate following the country’s adoption of the euro. This change is outlined in a new series of questions and answers available on the central bank’s website. Once the euro becomes the official currency of Bulgaria, the key interest rate will…
More than 3,000 employers have received compensation for hiring 5,500 internally displaced persons (IDPs) since the beginning of 2025. The state has paid them a total of UAH 127 million, according to Deputy Minister of Economy Tetiana Berezhna. “Through the compensation programme for employing IDPs, we support businesses that hire people forced to relocate from…
On May 8, Prime Minister Denys Shmyhal met with EU Commissioner for Defence and Space Andrius Kubilius to discuss defence and technological cooperation between Ukraine and the EU. The Head of Government highlighted the importance of initial steps in implementing the ReArm Europe plan and the recently presented White Paper on the future of European…
The Executive Agency for the Promotion of Small and Medium-sized Enterprises (BSMEPA), under Bulgaria’s Ministry of Innovation, has formalized a partnership with the International Bank for Reconstruction and Development, part of the World Bank Group. The agreement, aimed at bolstering businesses in Northern Bulgaria, was signed at a ceremony held at the Council of Ministers,…
The Latvian government decided this week that the Ministry of Climate and Energy (KEM) would evaluate cooperation opportunities with Estonia regarding the development of nuclear energy regulations and the construction of a nuclear power plant. On May 6, Latvia’s Cabinet of Ministers reviewed a report drawn up by the KEM regarding nuclear energy development opportunities…