The European Commission is preparing a new phase of green legislation that could significantly impact fuel prices across the EU. Following the sharp rise in electricity prices caused by carbon emissions quotas under the “Green Deal”, the Commission now aims to extend the emissions trading system to include the transport and building sectors starting in…
New regional bus services have begun running between towns in the south of Estonia and the north of Latvia. To establish the bus lines between Valga and Valka and Parnu and Salaca, public transport centers have had to grapple with the different bureaucratic systems in the two countries for a number of years. A new…
Bulgaria registered the second-largest increase in housing prices among EU member states in the first quarter of 2025, according to Eurostat. Residential property prices in the country surged by 15.1% YoY for the period, placing Bulgaria just behind Portugal, where the increase reached 16.3%. Since 2010, Bulgarian house prices have risen by a total of…
On July 4, in Copenhagen, Minister for Strategic Industries of Ukraine Herman Smetanin and Minister of Industry, Business and Financial Affairs of Denmark Morten Bodskov finalized agreements on cooperation in defense production between the two countries. The document signed by the two sides outlines specific steps to facilitate Ukrainian defense companies in setting up new…
The German-Ukrainian Defense Industry Session DFNC2: German Edition took place in Kyiv for the second time. The event was organized by the Ministry for Strategic Industries, the Ukrainian Council of Defense Industry and the Federation of German Industries (BDI). The main goal of the event was to bring together German and Ukrainian companies to strengthen…
The real estate market in Bulgaria in the first half of 2025 continues to evolve, with Sofia maintaining its status as the country’s most expensive city for property purchases. However, regional centers such as Varna, Plovdiv, Burgas and notably Ruse are showing the most significant growth in prices and buyer interest. Sofia leads in pricing,…
The Connecting Europe Facility (CEF) has allocated EUR 295.5 million for the construction of Rail Baltica, with EUR 47.1 million of that amount earmarked for Estonia. Of the additional funding allocated by Brussels, Latvia will receive EUR 153.5 million, Estonia EUR 47.1 million and Lithuania nearly EUR 94.9 million. Latvia’s Ministry of Transport stated that…