The Serbian oil company NIS, majority-owned by Russia’s Gazprom, has officially decided to exit the Bulgarian market. Its Board of Directors has approved the sale of its local subsidiary due to ongoing difficulties in downstream operations within Bulgaria. Specific details surrounding the deal remain undisclosed, pending further clarity. NIS currently operates 22 gas stations in…
The Verkhovna Rada has passed a critically important decision, amending the state budget to allocate an additional UAH 412 billion to the defence and security sector. Prime Minister Yulia Svyrydenko emphasised that this vote was a timely response to the new reality of full-scale war. “Following yet another massive russian attack, the vote in Verkhovna…
New Defense Minister Denys Shmyhal said that Ukraine could not allow weapons exports when the army did not receive what it needed. He said this in an interview with the BBC. Defense Minister Denys Shmyhal believes that the export of weapons produced by Ukrainian companies is unacceptable until the needs of the Ukrainian Armed Forces…
The Energy and Water Regulatory Commission (EWRC) has set the price of natural gas for August at 62.09 BGN (31.75 euros) per megawatt-hour (MWh), excluding access, transmission, excise and VAT charges. At this rate, Bulgargaz will supply gas to end users and to licensed producers and distributors of thermal energy, according to an official statement…
A significant portion of Bulgaria’s nearly 500,000 cash registers is not yet prepared to operate in euros, with only 35% currently set for the transition. As the August 8 deadline approaches, when all fiscal devices must be updated according to the Law on the Introduction of the Euro, many companies are asking for a postponement…
On July 30, the Government adopted a decision to stimulate the production of domestic weapons, announced Prime Minister of Ukraine Yulia Svyrydenko. She emphasised that, in response to requests from drone and electronic warfare manufacturers, the Government had allowed the inclusion of loan interest costs – up to 10% of production costs – in the…
The security situation in the context of full-scale Russian aggression against Ukraine requires the implementation of new approaches and solutions, including in the construction sector. To this end, a meeting was held between representatives of the Ministry of Community and Territorial Development of Ukraine with a delegation from the Ministry of Land, Infrastructure, Transport and…