The Consumer Protection Commission (CPC) and the Commission for Competition Protection (CCP) are joining forces to prevent an unjustified increase in the prices of goods and services during the transition to the euro. The two commissions will also investigate for any prohibited agreements between traders that might fuel such speculation. According to Rosen Karadimov, chairman…
Last year, eight in 10 tax audits ended with a penalty and an additional tax assessment. Yet despite the rising efficiency of the Financial Administration, the state collected nearly EUR 100 million less through this channel compared to the previous year. The administration focused primarily on value-added tax (VAT), where it recorded the highest number…
Estonia can help Latvia build its section of the Rail Baltic railway track to make sure the 2030 deadline is met, if necessary, Prime Minister Kristen Michal (Reform) has said. The Estonian, Latvian and Lithuanian prime ministers met in Riga on May 30 to discuss regional issues, including the under-construction train line which crosses all…
The global credit insurer Coface has released its annual insolvency report for Central and Eastern Europe (CEE), painting a nuanced picture of the region’s corporate stability. Although the CEE region saw a strong economic rebound in 2024, the number of bankruptcies continued to climb. Coface notes that, for a second year in a row, Bulgaria…
The Government has approved a decision to secure funding from Japan under the ERA mechanism, aimed at supporting key economic and social sectors. This was announced by Prime Minister Denys Shmyhal during a Cabinet meeting on May 30. “This is nearly $3 billion, backed by revenues from frozen russian assets, to finance priority budget expenditures,”…
TAD has completed construction of a new complex for production of special trailers for transportation of oversized cargo in the city of Volochysk, Khmelnytsky region. This was reported by Dmitry Kisilevsky, Deputy Chairman of the Verkhovna Rada Committee on Economic Development. Investment volume is $8 million. This project will allow TAD to launch production of…
During a conference titled “Introduction of the euro in Bulgaria – effects and practical aspects for business”, Finance Minister Temenuzhka Petkova assured the Franco-German business community that Bulgaria was fully prepared to adopt the euro from January 1, 2026. The event, hosted by the Franco-Bulgarian Chamber of Commerce and Industry and the German-Bulgarian Chamber of…