From August 8, all retail outlets in Bulgaria are expected to display prices in both leva and euro, according to Nikolay Valkanov, executive director of the Association for Modern Trade. The move comes in anticipation of the country’s expected admission into the eurozone, with the final decision and date for entry projected to be announced…
The upcoming changeover from the lev to the euro in Bulgaria will not drive fuel prices up, according to Svetoslav Benchev from the Bulgarian Oil and Gas Association. He assured that the currency switch would have no impact on price levels, which were instead determined by the global crude oil market. “Whatever prices we see…
International Atomic Energy Agency (IAEA) Director General Rafael Grossi, after a visit to Kyiv, said “the threat to nuclear safety remains very real and ever-present” in Ukraine. According to Grossi, the presence of IAEA representatives at nuclear facilities in Ukraine remains necessary to help avoid the threat of a severe nuclear accident. He added that…
Ukraine is striving to join the Organisation for Economic Co-operation and Development (OECD) next year. Despite the ongoing war, the country is implementing structural reforms, aligning regulatory mechanisms with international standards, creating favourable conditions for investors and harmonising legislation with European norms. This was emphasised by Prime Minister Denys Shmyhal during a meeting of the…
The Organization for Economic Co-operation and Development (OECD) now expects Bulgaria’s economy to grow by 2.6% in 2025, followed by a slight slowdown to 2.3% in 2026. This marks a downward revision from its previous outlook in December, which projected 2.8% growth in 2025 and 2.6% in 2026. According to the OECD’s latest Economic Outlook,…
Slovakia has yet to earn a single Michelin star, but its fine dining landscape has just received global recognition of a different kind. On June 2, the French gastronomic authority Gault&Millau published its first-ever Slovak edition, awarding coveted “toques” – the guide’s signature chef’s hats – to nearly 150 restaurants across the country, according to…
The Organisation for Economic Co-operation and Development (OECD) in a report published on June 3 forecasts that Latvia will experience the weakest economic growth among the Baltic countries in 2024. The OECD projects that Latvia’s gross domestic product (GDP) will grow by only 1.1% this year. In 2025, Latvia’s economy is expected to grow by…