Bankruptcies in Bulgaria are expected to increase by 2% in both 2025 and 2026, according to experts from Allianz Trade, a global leader in trade credit insurance. While this rate remains below the global average of 6% in 2025 and 3% in 2026, the rise is still significant compared to pre-pandemic levels, which were 7%…
To mark the recent synchronization of the Baltic energy system with Europe and disconnection from the grid controlled by Russia, the mail carriers and transmission network operators of Latvia, Lithuania and Estonia have issued special postage stamps. “The electrical scheme creatively adapted in the postage stamp design symbolizes the unity of the Baltic countries within…
Bulgaria’s cash register system is set to undergo significant changes, with new regulations mandating that cash registers display the total amount due in both levs and euros, along with the applicable exchange rate. These changes, proposed by the Ministry of Finance and open for public discussion, are part of efforts to streamline financial transactions across…
First Deputy Minister of Finance of Ukraine Denys Uliutin, Deputy Minister Oleksandr Hrubiian and State Secretary of the Ministry Dmytro Samonenko met with Jurgita Domeikiene, Team Leader of Components 1, 3 and 4 of the EU4PFM Programme, to discuss the work plan for developing an updated Public Finance Management Strategy and continuing analytical, technical and…
Minister of Energy of Ukraine German Galushchenko met with Minister of Energy of the Republic of Moldova Dorin Junghietu. Particular attention was paid to the issues of energy security of both countries, development of alternative gas supply routes, electricity supply and integration of energy markets. The parties noted the need to coordinate cooperation with the…
From January 1 to March 10, the Bulgarian Employment Agency processed more than 7,000 applications from non-EU citizens seeking to work in the country. The data come from a written response by the Minister of Social Affairs Borislav Gutsanov, following an inquiry by Denitsa Sacheva, chairwoman of the parliamentary Social Committee. The peak processing phase…
Latvia’s so-called government reboot resulted in the replacement of three ministers and appears, at least for now, to have come to an end. At the same time, the coalition must find funding to increase defense spending and reduce bureaucracy. Latvia’s plans – particularly for developing its defense industry – are ambitious. The government has recently…