Bulgaria: inflation highest in the Eurozone

Bulgaria recorded an annual inflation rate of 6.3% in May, according to revised data from Eurostat using the Harmonized Index of Consumer Prices (HICP). The figure marks the highest level since September 2023 and places the country among the top inflation performers in the European Union, second only to Romania, which posted 9.7%. Lithuania follows…

Armenia: trade data show growing imports from Azerbaijan

The value of goods exported from Azerbaijan to Armenia during January-May totaled approximately $11.2 million, according to Azerbaijan’s State Customs Committee. In May alone, exports from Azerbaijan to Armenia amounted to $1.6 million. During the same period, Armenia indirectly exported goods worth $960 to Azerbaijan. According to the data, no exports from Armenia to Azerbaijan…

Ukraine: forestry complex has significant potential for development and green recovery of economy

Balanced management of forest resources, implementation of the principles of close-to-nature forestry, digitalization of the woodworking industry, development of a transparent timber market and integration of the forestry complex into the European economic space became key topics of the International Forestry Forum in Lviv. Deputy Minister of Economy, Environment and Agriculture of Ukraine Taras Vysotsky…

Lithuania: state plant begins producing anti-drone ammunition

Lithuania’s state-owned Giraite Armament Plant has begun producing anti-drone cartridges, with test batches already dispatched to Sweden and France and interest from several other countries. The plant, a small-calibre ammunition manufacturer based in Kaunas district, developed the ammunition concept last year drawing on experience from Ukraine. Prototypes were tested in laboratories and at a firing…