Lithuania’s apple juice pressing season, set to begin in a few weeks, is expected to be one of the worst in recent years, with output likely to be about half of last year’s due to frost damage and persistent rain, producers say. Some apple orchards were hit by spring frosts, and now fruit is falling…
Bulgaria is on the verge of joining the eurozone, prompting questions about the possible inflationary impact of adopting the euro. An economic analysis by iBanFirst, a major provider of currency exchange and international payment services for businesses, forecasts Bulgaria’s harmonized inflation rate for 2026 to be between 2.8% and 3.3%. The inflation specifically linked to…
Some 4,000 Ukrainians have benefitted from the eOselia affordable mortgage programme in 2025. The total amount of preferential loans for housing made up UAH 7.3 billion. Over the past week, 146 loans worth UAH 277 million have been issued, including loans with a 3% interest rate: – 55 servicemen and representatives of the security sector;…
President of Ukraine Volodymyr Zelenskyy has signed Decrees No. 594/2025 and No. 595/2025, which, upon the submission of the Ministry of Energy of Ukraine, enact personal and sectoral sanctions against 35 individuals and legal entities connected with the russian state corporation “rosatom” and other russian energy structures. Sanction restrictions have been applied to 18 individuals…
Massive price fluctuations seen on the Baltic reserve electricity market, ranging from a few cents to thousands of euros per megawatt-hour, mostly seem to be caused by one market player in Latvia, an issue which Estonian grid distributor Elering is approaching its counterpart in Latvia about. Similar price spikes have been seen across all three…
Psychologist Assoc. Prof. Nikolay Dimitrov believes that the tension surrounding Bulgaria’s upcoming euro adoption is rooted more in psychology than in actual economics. He points out that many Bulgarians carry emotional baggage from the past, specifically, the 1999 denomination of the lev, and that memory still shapes their fears today. Back then, the sudden removal…
Cross-border bus routes between Estonia and Latvia introduced last month were used by more than 2,000 passengers in July. Officials say this shows the routes are needed. In July, cross-border public transport routes between Estonia and Latvia were launched on a one-year trial basis. The Parnu-Ikla-Ainazi-Salacgriva county route and the Valga-Valka city route have been…