Ukraine: Ministry of Finance attracts $118 million from Japan under World Bank’s HEAL and HOPE projects for healthcare and recovery

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The state budget of Ukraine received a $118-million grant from the Government of Japan as part of the World Bank’s Health Enhancement And Lifesaving (HEAL Ukraine) and Housing Repair for People’s Empowerment (HOPE) projects. “During a full-scale war, when the social sphere suffers the most, the implementation and mobilisation of resources for initiatives to support…

Bulgaria: finance minister asserts caretaker government’s role in Eurozone entry

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Bulgaria’s Finance Minister, Assen Vassilev, asserts that Bulgaria can attain Eurozone membership until 2025, with the caretaker government capable of steering the nation towards this goal. In a recent interview on Nova TV, Vassilev highlighted the European Commission’s acknowledgment of Bulgaria’s progress, signaling that meeting inflation criteria was the final hurdle before initiating the accession…

Ukraine: Ukroboronprom corporatizes 34 enterprises

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A total of 34 enterprises have already been corporatized as part of Ukrainian Defense Industry JSC (Ukroboronprom) under Ukraine’s defense industry reform. The relevant statement was made by Ukrainian Defense Industry JSC Corporatization Department Head Anton Savchenko during a public discussion on corporate governance reform in Ukraine’s defense industry. “More than 30 Ukroboronprom enterprises have…

Bulgaria: Bulgarian Railways and Deutsche Bahn seal agreement for 76 upgraded wagons

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Bulgarian Railways (BDZ-Passenger Services EOOD) has inked a contract with Deutsche Bahn for the supply of 76 state-of-the-art passenger wagons. This agreement marks a pivotal moment in Bulgaria’s transportation sector, signaling a tangible step towards modernization and enhanced service quality. Scheduled for swift implementation, the contract outlines the delivery of 76 modernized passenger wagons, with…