Like many businesses that sell returnable goods, Zirafa, a children’s shoe retailer based in Zilina, has found itself on the losing end of Slovakia’s transaction tax, which came into effect in April. The company’s online shop is now generating unexpected costs. In short, they must pay the transaction tax even on items that are returned.…
Bulgarian businesses are facing additional costs as they prepare for the mandatory dual currency display of prices in leva and euros, a requirement set to take effect on August 8. They have until the end of October to adapt their cash register systems and accounting software without risking financial penalties. Eleonora Negulova, chairwoman of the…
Representatives of the Japan International Cooperation Agency (JICA) and the Japan External Trade Organization (JETRO) confirmed their commitment to further developing partnership initiatives aimed at modernising and restoring the agricultural sector. These outcomes were achieved following the fourth meeting of the Japan-Ukraine Joint Task Force on Revitalization Strategy of Agriculture. The meeting was held via…
Minister of Defence of Ukraine Denys Shmyhal held discussions with Sweden’s Defence Minister Pal Jonson and the Netherlands’ Defence Minister Ruben Brekelmans. “We are engaging more partners in the new Prioritized Ukraine Requirements List (PURL) mechanism. During a phone call with Sweden’s Defence Minister Pal Jonson, I thanked his country for joining PURL. Sweden, together…
In the first quarter of 2025, the state-owned company Bulgargaz reported a significant reduction in financial losses linked to its contract with the Turkish gas firm Botas and, notably, posted a profit from natural gas sales. Bulgargaz’s losses for the first three months of 2025 totaled 32.443 million leva, a substantial improvement compared to the…
A delegation led by Dilshod Rasulov, Deputy Chairman of the Chamber of Commerce and Industry of Uzbekistan, has begun a working visit to Latvia and Lithuania, starting with a trip to Riga. In the first part of the program, the Uzbek delegation toured the Riga Central Market, one of the largest trading complexes in Europe.…
The Commission for Protection of Competition (CPC) has fined Billa Bulgaria EOOD 405,936 leva for engaging in misleading advertising, in violation of Article 32, paragraph 1 in connection with Article 33 of the Law on Protection of Competition. The sanction stems from an investigation into a promotional campaign by the company involving the product “Basso…