The second-largest coal-fired power plant in Bulgaria, TPP “ContourGlobal Maritsa East 3”, is set to shut down operations, marking the end of its short winter work period. As a result, the first wave of job cuts has begun, with 130 out of 160 employees receiving termination notices on February 1. The layoffs primarily affect workers…
Deputy Head of the Recovery Agency Vyacheslav Didkivskyi took part in the third conference “Rebuilding Ukraine – Opportunities for Slovenian Business”, which was held in the city of Kranjska Gora, Republic of Slovenia. Vyacheslav Didkivskyi held a bilateral meeting with Acting Head of SPIRIT Slovenia Business Development Agency Tamara Balazic with the participation of the…
On March 28, Prime Minister of Ukraine Denys Shmyhal held the first online conversation with Chancellor of Austria Christian Stocker. The parties focused on support programmes for Ukraine, European integration, sanctions and economic cooperation between the two countries. Denys Shmyhal commended the active cooperation with Austrian businesses and their significant contribution to supporting the Ukrainian…
The real estate market in Bulgaria continues to show strong growth as housing prices in major cities rise in early 2025. According to data from Zimoti.com, both the demand for housing and favorable mortgage conditions are contributing to the increase in property prices, particularly in Sofia, Plovdiv and Burgas. In the first two months of…
Demand for cybersecurity specialists in Lithuania has surged following amendments to the country’s cybersecurity law, but the labour market is struggling to keep up. Since the beginning of the year, more than 800 cyber incidents have been recorded, according to the National Cyber Security Centre. The updated law, which took effect last autumn, requires organisations…
Bulgargaz has proposed a significant reduction in natural gas prices for April, with a decrease of 14.3% compared to the previous month. The company’s CEO Veselin Sinabov presented the proposal during an open session at the Energy and Water Regulatory Commission (EWRC). According to Sinabov, the anticipated price of natural gas for April is around…
In Lviv, carriers have initiated an increase in the cost of public transport in order to maintain the trend towards improving the provision of passenger transportation services in the community. Currently, the Lviv City Council Economic Development Department is analyzing the tariffs provided by carriers, only after that a decision will be made on the…