The country has already spent more than EUR 1 billion on interest payments this year, as high deficits and rising rates put pressure on public finances. Slovakia’s political leaders are grappling with a growing financial headache as the country faces historically high costs to service its national debt. Official figures show that Slovakia has spent…
Construction of new homes has surged across several regions in Bulgaria, reflecting strong demand for both apartments and single-family houses. Builders are responding to buyers’ preferences, leading to a notable increase in new housing projects. In Sofia the second quarter of the year saw the start of construction on 295 residential buildings comprising 1,914 homes.…
Deputy Minister of Economy, Environment and Agriculture Denys Bashlyk met with Mohammed Azouqa, interim Head of the Food and Agriculture Organization (FAO) Office in Ukraine, to discuss ongoing support for Ukrainian farmers and agricultural producers and future cooperation directions. “Enhancing the resilience and sustainability of Ukraine’s agri-food sector is crucial today. Farmers face challenging conditions,…
As a result of a massive attack on the night of August 28, energy facilities in several regions were damaged, and restoration of power supply to consumers is ongoing. This was reported on Facebook by NPC Ukrenergo. “As a result of the enemy’s overnight missile-drone attack, energy facilities in several regions were damaged. Consequently, there…
The minimum wage in Bulgaria should increase to BGN 1,213 (around EUR 620) as of January 1, 2026, up from the current BGN 1,077, according to Luboslav Kostov, Chief Economist of the Confederation of Independent Trade Unions in Bulgaria (CITUB). Union representatives expressed concern that the government’s draft decree setting the new rate had not…
Some families declare their place of residence in Lithuania in order to access certain medicines reimbursed by the Lithuanian state but not covered in Latvia, former head of the National Health Service (NVD) and former chairman of the board of Riga East University Hospital Edgars Labsvirs has said. At the same time, Latvian nationals officially…
Most concessionaires along Bulgaria’s Southern Black Sea coast have already complied with the requirement to display prices for umbrellas and sun beds in both levs and euros. On Kraimorie beach, for example, boards with the updated rates are visible at each entrance. Concessionaire Nikolay Dimitrov explained that the tariffs were set in advance and could…