The negative effect for Bulgaria from the possible introduction of a 25% duty on exports of goods from the EU to the US will amount to about $678 million. As a result, the country’s total exports will decrease by 0.49% on an annual basis compared to exports without customs restrictions. This was stated by the…
The Ministry of Finance has introduced an online currency conversion calculator, now available on the official euro adoption website for Bulgaria – evroto.bg. This tool is part of the country’s preparations for the transition to the euro, officially scheduled for January 1, 2026. The calculator operates using the confirmed fixed exchange rate of 1 euro…
Minister of Finance of Ukraine Sergii Marchenko held a meeting with EU Commissioner for Enlargement Marta Kos and European Commission Director-General for Neighbourhood and Enlargement Negotiations Gert Jan Koopman. The meeting took place on the sidelines of the Ukraine Recovery Conference, held on July 10-11 in Rome, Italy. The parties discussed the state of Ukraine’s…
Two industrial parks – Kronospan Rivne in Rivne region and KYT in Kyiv region – will receive state funding totaling UAH 203 million under the incentive program implemented in accordance with the Cabinet of Ministers of Ukraine Resolution No. 644 (as amended). Kronospan Rivne Industrial Park will receive UAH 55.3 million for the construction of…
Bulgarian exports to Romania saw a significant rise of nearly 19% in the first quarter of 2025, compared to the same period last year. Overall trade between the two countries grew by 7%, confirming Romania’s position as Bulgaria’s second largest trading partner within the European Union. The data was shared during a meeting between Economy…
While offshore wind farms are now almost certainly off the table in Estonia for the next decade or two, transmission system operator (TSO) Elering still plans to move forward with an undersea power link to Latvia via Saaremaa. The Ministry of Climate now acknowledges that the previously planned reverse auction-based subsidy model isn’t suitable for…
The Bulgarian National Bank (BNB) is launching the minting of Bulgarian euro coins this week, marking the start of the final stage in the country’s transition to the euro. This follows the formal approval of Bulgaria’s eurozone accession by the Council of the EU and the European Parliament. BNB Governor Dimitar Radev confirmed the development…