On January 23, during the World Economic Forum in Davos, Ukraine and Switzerland signed a Memorandum of Understanding as part of efforts to engage the Swiss private sector in recovery and reconstruction projects. The document was signed by Guy Parmelin, Federal Councillor, Head of the Swiss Federal Department of Economic Affairs, Education and Research, and…
In 2024 foreigners registered 1109 new companies in Ukraine, down by 24% YoY. This is reported by Opendatabot. Citizens of 78 countries started businesses in Ukraine last year. Most of the companies were registered by citizens of Turkey – 201 business projects, Poland – 90 and US – 89. Almost half of the new foreign…
The Bulgarian government has effectively abandoned its plan to enter the eurozone on January 1, 2026, after Finance Minister Temenuzhka Petkova announced she would not request an extraordinary convergence report from the European Commission and European Central Bank. The country falls short of the inflation criterion by just 0.1%, with the current average annual inflation…
The Bulgarian government has announced a program to compensate businesses and non-household electricity subscribers for high energy costs until the end of March. Under the new measure, the full difference will be covered when the exchange price exceeds 180 leva per megawatt-hour, effectively preventing electricity bill increases. Energy Minister Zhecho Stankov emphasized the program’s dual…
The adoption of amendments to the Law on the Bulgarian National Bank (BNB), crucial for Bulgaria’s entry into the eurozone, was unexpectedly blocked in parliament as the ruling GERB party withheld its support. These changes, introduced by Dimitar Glavchev’s caretaker government, aimed to align the BNB leadership’s responsibilities with constitutional reforms from 2023, which allowed…
During the World Economic Forum in Davos First Deputy Prime Minister and Minister of Economy of Ukraine Yuliia Svyrydenko and European Commissioner for Enlargement Marta Kos discussed further support for Ukraine and the integration of its economy into the EU. This is the first meeting of the First Deputy Prime Minister with the newly appointed…
Over the past week entrepreneurs received 287 concessional loans totalling UAH 0.71 billion from authorised banks under the Government’s Affordable Loans at 5-7-9% programme, including 202 loans from public sector banks for over UAH 0.32 billion. Since the beginning of 2025 entrepreneurs have received 803 loans worth UAH 2.7 billion under the programme, including 520…