Bulgaria is showing significant progress towards meeting the criteria for joining the eurozone, according to recent data. November statistics from the National Statistical Institute reveal that monthly inflation stood at 0.6%, while annual inflation reached 2.1%. Despite a slight acceleration in annual inflation, the monthly inflation rate has grown more slowly compared to October. Economist…
Ukraine is ready to fulfill its obligations under the EU Association Agreement for the transit of any gas, except from Russia. Prime Minister of Ukraine Denys Shmyhal announced this following a conversation with Slovak Prime Minister Robert Fico. “I held discussions with Slovak Prime Minister Robert Fico. I emphasized that Ukraine’s priority is guaranteed energy…
President of Ukraine Volodymyr Zelensky has formed a delegation to participate in negotiations on the conclusion of a guarantee agreement between Ukraine and the European Bank for Reconstruction and Development. The corresponding decree, No. 152/2024-rp, was published on the website of the head of the Ukrainian state. “To form a delegation of Ukraine to participate…
Annual inflation in Bulgaria accelerated in November, rising to 2.1% compared to 1.8% in October, marking a three-month high, according to data from the National Statistical Institute (NSI). On a monthly basis, the consumer price index increased by 0.6%, following a 1.1% rise in October. Food prices saw the most significant monthly increase in November,…
Excise taxes on tobacco products and alcoholic beverages, including beer, will rise in 2025 as part of a measure by the Ministry of Finance to boost government revenue. This increase is expected to make these goods more expensive for consumers. The excise tax on alcoholic drinks, including beer, is set to increase by 10% to…
The Ministry of Finance has projected a significant increase in the state debt over the period from 2025 to 2028, estimating a rise of about 1.7 times. According to the Draft Strategy for State Debt Management for this period, the ratio of state debt to GDP is expected to grow steadily, reaching 27.7% until the…
Between 2022 and 2024, Ukraine has commissioned over 860 MW of new renewable energy capacities. This was announced by Deputy Minister of Energy Mykola Kolisnyk during the Energy Freedom by Energy Club online meeting. Kolisnyk highlighted that a significant portion of renewable generation remained located in territories currently occupied by Russia. He emphasized that the…