First Deputy Prime Minister and Minister of Economy of Ukraine Yuliia Svyrydenko and Secretary General of the European Mortgage Federation – European Covered Bond Council (EMF-ECBC) Luca Bertalot have signed a Letter of Intent to establish an Advisory Council on the development of housing financing in Ukraine. The signing of the Letter of Intent was…
Bulgaria is approaching the final stages of preparation for transitioning card payments from the national currency, the lev, to the euro. In recent years, the Bulgarian National Bank (BNB) and financial institutions have emphasized their readiness, creating the impression that the transition would be instantaneous. However, the actual process involves years of planning and coordinated…
The World Bank has revised down its forecast for Bulgaria’s economic growth in 2025, citing a broader global economic slowdown. In its latest report, “Accelerating Growth through Entrepreneurship, Technology and Innovation”, the World Bank predicts global economic growth to decelerate to an average of 2.3% in 2025-2026, down from 2.6% in 2024. This is primarily…
The Government has decided to allocate UAH 540 million in subventions to the regions to modernize vocational education institutions. This was announced by Prime Minister of Ukraine Denys Shmyhal during a session of the Cabinet of Ministers on May 2. “We are talking about modernizing laboratories of vocational and professional higher education institutions, as well…
The Ministry of Defense of Ukraine is preparing the ground for the merger of two structures – the Defense Procurement Agency and the State Operator of the Rear – into a single unit. The reorganization commission will be headed by Arsen Zhumadilov, Director of the Defense Procurement Agency. This was announced by the head of…
Minister of Economy and Industry Petar Dilov held a meeting with Susan Falatko, the Charge d’Affaires at the US Embassy in Bulgaria, to discuss the potential for strengthening economic ties and boosting trade between the two nations. During the conversation, Minister Dilov highlighted the strategic significance of the United States as a partner to Bulgaria…
Lithuania is considering a purchase of long-range air defence systems, says Defence Minister Dovile Sakaliene. “We have plans to evaluate and acquire certain long-range air defence systems in the medium to long term,” she told the TV3 news broadcast on May 1. “We cannot disclose the details of a medium- and long-term acquisition at the…