Slovakia ended 2024 with a public finance deficit of 5.3% of GDP – lower than feared, but still among the worst in the European Union and well above the bloc’s 3% ceiling. With debt now nearing 60% of GDP, the country’s long-term fiscal sustainability is in serious question, according to national watchdogs. When Prime Minister…
Intercompany debt is a common aspect of the business landscape, both in Bulgaria and Western Europe. Often seen as a sign of growth, it reflects businesses expanding and investing in new opportunities. When managed properly, this indebtedness can boost turnover and accelerate development. However, risks arise when such debt is mismanaged, leading to deferred payments…
The Ministry of Economy of Ukraine presented the first integrated report on the implementation of the National Energy and Climate Plan (NECP) at the High-Level Advisory Group (HLAG) meeting held on April 16. The event was attended by Deputy Minister of Economy of Ukraine Andrii Teliupa and also brought together representatives of the European Commission,…
The Cabinet of Ministers of Ukraine issued Resolution No. 451 “On Approval of the Procedure for Maintenance of the Genetically Modified Organisms (GMO) State Register”. The document was prepared by the Ministry of Agrarian Policy and Food of Ukraine pursuant to the Law of Ukraine “On State Regulation of Genetic Engineering Activities and State Control…
Travelers planning a spring escape might want to consider Sofia, which has been named the top European capital for a road trip-style getaway this season. A new ranking from DiscoverCars.com evaluated cities based on hotel and car rental costs, along with proximity to key tourist attractions, giving the Bulgarian capital the highest overall score of…
On April 17, the Lithuanian parliament tightened and extended sanctions against Russian and Belarusian citizens for another year. Under the new measures, Russian nationals who travel to Belarus or Russia more than once every three months will lose their right to stay in Lithuania. However, the parliament stopped short of imposing the same measure on…
A recent survey by the Bulgarian Industrial Capital Association shows that many Bulgarian companies anticipate a decline in production due to the new tariffs on imports announced by U.S. President Donald Trump. Although half of the 620 surveyed firms believe the tariffs will not directly affect their operations, a significant number foresee challenges ahead. About…