The Black Sea region in Bulgaria is facing a serious labor shortage ahead of the summer season. Hoteliers and restaurateurs are struggling to find enough workers, and in response, they are offering higher wages. Salaries for seasonal positions have been raised by at least 10% compared to last year. To fill the gap, employers are…
Baltic train operators have launched a cheaper joint ticket for the new Tallinn-Vilnius route and now it will no longer be necessary to change trains in Riga. A PESA 730 ML train leased from Lithuanian passenger train operator LTG Link will be operated from the Estonian border Valga to Vilnius. There will no longer be…
The Government team headed by Prime Minister of Ukraine Denys Shmyhal met with the management of the European Investment Bank (EIB) in Kyiv, led by President Nadia Calvino. Ukraine was represented by Minister of Finance Sergii Marchenko, Deputy Prime Minister for Restoration of Ukraine and Minister for Communities and Territories Development Oleksii Kuleba. Separately, the…
Ukraine’s international reserves decreased by 1.8% in January, totaling $43.003 billion as of February 1, the National Bank of Ukraine (NBU) reported. “As of February 1, Ukraine’s international reserves, according to preliminary data, amounted to $43.003 billion. They decreased by 1.8% in January, but remained close to record levels,” the report said. The primary factors…
In the last quarter of 2024, the proportion of properties purchased with mortgage loans in Bulgaria grew to 27%, or roughly every third property. This marks an increase from 22% during the same period the previous year, according to data from the Registry Agency. The rise is attributed to the ongoing increase in property prices,…
Estonia, Latvia and Lithuania “successfully” synchronized with the Continental European electricity grid on February 9 afternoon, President of Lithuania Gitanas Nauseda said. “The period of political pressure and blackmail is finally over,” he added. “Moments ago I received great news – the synchronization of the Baltic states electricity systems with the continental European system has…
Bulgaria’s labor market remained stagnant throughout 2024, with low unemployment levels but an equally limited number of job openings, according to economists from the Institute for Market Economics. The lack of significant reforms in the past year further exacerbated structural problems in the labor market. These issues, which were already prominent after the post-pandemic recovery,…