According to the European Commission’s Spring 2025 Economic Forecast, Bulgaria’s economy is projected to grow at a slower pace, with GDP expected to rise by 2% in 2025, down from 2.8% in 2024. Until 2026, a slight increase to 2.1% is anticipated, influenced by both domestic and external factors. Private consumption will likely see more…
The European Commission (EC) forecasts that Latvia will experience the weakest economic growth among the Baltic States this year. According to the EC’s latest economic forecasts, Latvia’s gross domestic product (GDP) is expected to grow by just 0.5% in 2025. This is a downward revision from the 1% growth projected in November. At the same…
In April, Bulgaria’s inflation rate reached 2.8% YoY, marking an increase of 0.3% compared to the same month in 2024, when it was 2.5%, according to Eurostat. This development comes as the country anticipates a positive convergence report on June 4, a critical step toward adopting the euro on January 1, 2026. According to Finance…
The Ministry of Strategic Industries of Ukraine and the Better Regulation Delivery Office (BRDO) have signed a Memorandum of Cooperation to advance the development of the defence-industrial sector. The parties have formalised their joint commitment to improving state policy in the defence-industrial sector and fostering its growth based on transparency, efficiency and openness to innovation.…
Prime Minister Denys Shmyhal says that Ukraine plans to put into operation about 1 GW of generation in 2025. “We pay great attention to the restoration of energy facilities. We continue repairs. We launch new generation. We help people and businesses install additional capacity. About 1 GW of generation is planned to be put into…
The European Bank for Reconstruction and Development (EBRD) has introduced its Star Venture programme in Bulgaria, aiming to provide strategic support to high-potential startups. After a competitive selection process, 15 startups presented their business concepts at the Planet Schwarz Tech Theatre in Sofia, with six emerging as the final winners. The selected startups – THE…
During the past week, fuel prices across the Baltic capitals moved in different directions. In Riga, prices fell noticeably, while Tallinn saw increases, and in Vilnius, only petrol prices changed. At the end of the workweek, Tallinn recorded the highest petrol prices, followed by Riga and Vilnius. On the other hand, Vilnius had the most…