In 2024 Ukrainian companies spent $669.4 million on electricity imports. The relevant statement was made by Ukraine’s think tank DiXi Group on Facebook. “$669.4 million – this is the record-breaking value of last year’s electricity imports. In 2024 they cost Ukraine $2 million higher than in the previous five years combined,” the report states. According…
The European Union has extended sanctions against Russia until the end of the year, targeting various sectors including trade, finance, technology and personal rights. The EU also reiterated its readiness to impose additional measures if deemed necessary. Former Deputy Defense Minister of Bulgaria Yordan Bozhilov emphasized that sanctions were a key tool for the EU,…
Bulgaria has been closely monitoring inflation trends both domestically and in the eurozone, as these figures are key to determining the country’s potential entry into the eurozone. Despite meeting expectations for inflation in recent months, Bulgaria missed the required threshold by just 0.1%. As a result, the government plans to submit an extraordinary convergence report…
Bulgaria has successfully issued new government securities totaling 300 million leva, as announced by the Ministry of Finance following an auction held on January 27. The securities, denominated in leva, have a maturity of seven years with an annual interest coupon of 3.25%. The weighted average annual yield achieved at the auction was 3.47%, with…
For the first time the state budget of Ukraine has received funds for stocking water bodies from auctions for commercial fishing. Previously, only local budgets received this money. This was announced by Vitalii Koval, Minister of Agrarian Policy and Food. According to him, the new budget programme “Measures for the introduction of aquatic bioresources into…
The Zbroyari: Manufacturing Freedom initiative continues to attract funds to the Ukrainian defence industry. In 2024 the initiative raised more than $1.5 billion. Most of the funds allocated were received in the last quarter of the year. Thus, 9 countries have joined the initiative: Denmark, Canada, the Netherlands, Lithuania, the United Kingdom, Sweden, Norway, Iceland,…
Despite the measures imposed by the Bulgarian National Bank (BNB), housing lending in Bulgaria continues to rise rapidly. In November 2024 commercial banks approved housing loans totaling 923 million leva, marking an increase of nearly 5% from October 2024 and 22.5% compared to November 2023, according to BNB data. This follows a similar upward trend…