In eastern Slovakia, engineers are working on what could become one of Europe’s most innovative green transport solutions – a hydrogen-powered aircraft capable of vertical take-off and landing (VTOL). Supported by the European Union as one of its flagship clean mobility projects, the H2 VTOL is being developed by Tomark Proton, a Slovak company specialising…
On July 15, the international credit rating agency S&P Global Ratings raised Sofia Municipality’s long-term credit rating from “BBB” to “BBB+”, assigning it a stable outlook. The upgrade reflects the capital’s strong fiscal position and anticipates benefits stemming from Bulgaria’s anticipated accession to the eurozone. Deputy Mayor for Finance Ivan Vassilev commented on the development,…
On July 15, the Cabinet of Ministers of Ukraine adopted a resolution that regulated and standardised the processes for creating and maintaining several key registries by customs authorities: – The Unified State Register of Authorised Economic Operators; – The Register of Guarantors; – The Register of Enterprises Engaged in Customs Brokerage Activities; – The Register…
A meeting between the Prime Ministers of Ukraine and Latvia, Denys Shmyhal and Evika Silina, took place in Kyiv. The parties discussed bilateral cooperation across various sectors. The Head of the Ukrainian Government expressed gratitude to Latvia for its support and consistent assistance to Ukraine in military, political, humanitarian and sanctions-related areas. “We value Latvia’s…
Fitch Ratings has upgraded the long-term credit rating of the Bulgarian Development Bank (BDB) from BBB to BBB+, assigning it a stable outlook. The new rating aligns with Bulgaria’s sovereign rating, reflecting the agency’s confidence in the country’s fiscal stability following its decision to adopt the euro. The move signals strengthened trust in both the…
Bulgaria’s annual inflation rate climbed to 4.4% in June, marking its highest point since December 2023. This is up from 3.7% recorded in May, according to fresh data from the National Statistical Institute (NSI). On a monthly basis, inflation rose by 0.4%, reversing the previous months’ more modest or declining trends. The average annual inflation…
The Ministry of Finance fully and timely funded social payments in the first half of 2025. A total of UAH 191.5 billion from the state budget was allocated for social payments administered by the Ministry of Social Policy. Specifically: – UAH 113.5 billion – for financing pensions, supplements, and pension increases under the Pension Fund’s…