The implementation company of the “Rail Baltica” railway project in Latvia, SIA Eiropas Dzelzcela linijas (EDzL), and the mainline constructor ERB Rail have signed an agreement to start construction work. Construction of the Rail Baltica mainline in Latvia will begin on the southern section from Misa to the Lithuanian border, which is divided into several…
The Bulgarian National Bank (BNB) will begin issuing commemorative coins in euros starting next year, as outlined in its latest Monetary Program. This marks the first time the central bank will mint gold coins in the European currency, coinciding with Bulgaria’s planned eurozone accession in January 2026. The first of these coins, titled St. Virgin…
The multibillion-euro Rail Baltica project, which aims to connect Poland and the Baltic States with a European standard-gauge railway, is scheduled for completion until 2030 – but meeting that target will be a major challenge, according to the project’s top official in Lithuania. “It’s a very, very big challenge,” Arenijus Jackus, chair of the supervisory…
Ukrzaliznytsia will receive grant assistance totaling 54 million euros. Such a joint project with the European Bank for Reconstruction and Development was announced and signed at the transport roundtable as part of the URC2025 Ukraine Recovery Conference in Rome. In particular, 41 million euros of this amount will be allocated to the development and provision…
On July 10, the Ministry of Finance attracted EUR 1 billion to the state budget from the European Union. The funds are part of the EU’s contribution under the G7 Extraordinary Revenue Acceleration for Ukraine (ERA) initiative. The ERA initiative envisions providing Ukraine with $50 billion, secured by future revenues generated from frozen russian assets.…
Two leading global credit rating agencies, Fitch Ratings and S&P Global Ratings, have raised Bulgaria’s long-term foreign currency credit rating to BBB+ with a stable outlook, marking the highest level in the medium investment-grade tier. The primary factor driving the upgrade is the European Council’s formal decision approving Bulgaria’s entry into the eurozone from January…
Travellers from Slovakia will soon have a new route to Romania, as low-cost airline Wizz Air launches a direct service from Bratislava to Bucharest. The new link is set to begin on October 28 and will operate three times a week – on Tuesdays, Thursdays, and Saturdays – during the winter schedule. This marks the…