Minister of Finance, Lyudmila Petkova, revealed the nation’s fiscal reserve, standing at BGN 10.9 billion as of April 18, amidst financial fluctuations and strategic fiscal decisions. Petkova, addressing reporters, elucidated the trajectory of the fiscal reserve, providing insights into its recent fluctuations and underlying dynamics. Notably, she highlighted the concerted efforts to bolster the reserve,…
Energy Minister German Galushchenko announced that Ukrainian officials were offered by their German counterparts to look at Germany’s closed energy facilities for equipment that Ukraine might need to restore those damaged or destroyed by Russian missiles and drones. “We are currently working very closely with our Lithuanian friends. Our groups of specialists are now in…
The banking system of Ukraine showed its preparedness, as it endured Russian missile attacks on energy infrastructure in the first two spring months. However, some difficulties were observed in the operation of bank offices in the most affected settlements. The relevant statement was made by Globus Bank Board Chairman Serhii Mamedov. “Of course, it is…
Prime Minister Dorin Recean paid a visit to the guesthouse “Casuta din deal” in the village of Pohrebea, which had ten beds. The owner of the family business, Ion Repida, said that although he had requests to go abroad five years ago he decided to stay in Moldova and open a rural house. For its…
Bulgaria’s anticipated entry into the Eurozone is shadowed by uncertainty, as officials caution that the prospect may be delayed amidst persisting inflation challenges. Dimitar Radev, Governor of the Bulgarian National Bank (BNB), and former Minister of Economy Bogdan Bogdanov, shed light on the pressing issues hindering Bulgaria’s path to Eurozone accession in interviews with media…
The German delegation was demonstrated the urgent needs of the energy sector that had arisen after the recent rocket attacks by russia and investment opportunities in key sectors of the national economy – energy, transport and logistics, agro-processing, mining of critical materials and green metallurgy. This was stated by Yuliia Svyrydenko, First Deputy Prime Minister…
The International Monetary Fund (IMF) expects that Ukraine’s general government gross debt may rise to 94% of GDP in 2024, which is lower than the previous forecast. The relevant data were included in the IMF’s Fiscal Monitor report, which was presented by IMF Fiscal Affairs Department Director Vitor Gaspar in Washington on April 17. According…