The Prime Minister Denys Shmyhal and the World Bank’s Managing Director of Operations Anna Bjerde discussed the implementation of joint projects, launching new initiatives and attracting funding next year. The meeting took place in Washington, DC. The Head of the Ukrainian Government emphasized that the Ukraine Relief, Recovery, Reconstruction and Reform Trust Fund (URTF), established…
The last trace of Presov’s storied liquor-making tradition is fading. Prelika, the city’s final operating distillery and mustard producer, is closing after years of decline, bringing an end to a legacy that began in 1903 with 22 local estate owners. Founded as a cooperative with a sizeable annual output for its time – 34,000 hectolitres…
The National Real Estate Association has raised concerns regarding the proposed Bill on Real Estate Brokers, submitted by MP Valeri Plamenov Lachovski and others. According to the association, the draft law fails to adequately define the responsibilities of real estate brokers during transactions. Real estate transactions involve a multifaceted process aimed at safeguarding the financial…
Minister of Finance of Ukraine Sergii Marchenko addressed the G7 Finance Track meeting during his working visit to Washington, D.C., for the IMF and World Bank Spring Meetings. The meeting brought together finance ministers and central bank governors from G7 countries, as well as leadership from the IMF, World Bank and European Commission. Discussions focused…
Prime Minister Denys Shmyhal met with representatives of American businesses to outline the key benefits of investing in Ukraine. The event took place on April 23, in Washington, DC. “Investments in Ukraine are investments in a future member of the European Union,” he said. Denys Shmyhal stressed that Ukraine had begun accession negotiations with the…
The real estate market in Latvia has picked up, and Estonian developers are taking the lead in many new projects. While construction costs in Latvia are similar to those seen in Estonia, land in Riga is significantly cheaper, and planning procedures often take less time. Ongoing and planned real estate developments in Latvia come to…
Macroeconomist Stoyan Panchev, an analyst from the Expert Club for Economics and Politics, warned that Bulgaria could face significant challenges if it rushed into joining the eurozone, particularly concerning the budget deficit. Speaking to Bulgarian National Radio (BNR), Panchev stated that while inflation might seem manageable, the real issue could arise from the deficit once…