The Economic and Social Council (ESC) has expressed strong support for Bulgaria’s accession to the eurozone and called for the process to be expedited. A resolution adopted during the ESC plenary session on February 24 stresses the need for the government to act swiftly by requesting an extraordinary convergence report from the European Central Bank…
In January, Ukraine allocated UAH 131 billion from the state budget for the security and defense sector, the Finance Ministry announced on Telegram. “UAH 131 billion is the expenditures of the state budget’s general fund for the security and defense sector in January. This is 61.2% of the total amount of expenditures of the state…
While performing an oversight based on the monitoring activity results in 2024, the National Bank of Ukraine (NBU) has determined a list of critical payment infrastructure entities in Ukraine. The relevant statement was made by the NBU’s press service. As in previous years, the NBU’s System of Electronic Payments (SEP) was recognized as the only…
Bulgaria has fulfilled the final requirement for joining the eurozone, the inflation criterion, according to Finance Minister Temenuzhka Petkova. Following recent data from Eurostat, the country has now met all the conditions necessary for eurozone membership. The price stability criterion, which was previously an obstacle, has been successfully met with an inflation rate in Bulgaria…
Lithuania started dismantling the supports of the first of six power lines linking it to Russia’s Kaliningrad exclave after the Baltic States synchronised their grids with the continental European system in early February. On February 24, workers began removing the supports of the Kruonis Pumped Storage Plant (PSP)-Sovetsk power line. The dismantling of the first…
Bulgaria has officially met the inflation criterion required for eurozone accession, aligning precisely with the set threshold. The latest data from Eurostat, which provides the final and official figures, confirms this achievement. The country’s average annual inflation over the last 12 months stands at 2.6%. According to Eurostat’s methodology, the reference value is determined by…
Since the beginning of 2025, businesses have received 2,794 soft loans under the Affordable Loans at 5-7-9% programme totalling UAH 9.4 billion. Since the launch of the programme in February 2020, businesses have taken out 106,500 loans totalling UAH 369.4 billion. Last week, Ukrainian entrepreneurs received 241 soft loans worth UAH 1.3 billion. “Ukrainian businesses…