Massive price fluctuations seen on the Baltic reserve electricity market, ranging from a few cents to thousands of euros per megawatt-hour, mostly seem to be caused by one market player in Latvia, an issue which Estonian grid distributor Elering is approaching its counterpart in Latvia about. Similar price spikes have been seen across all three…
Psychologist Assoc. Prof. Nikolay Dimitrov believes that the tension surrounding Bulgaria’s upcoming euro adoption is rooted more in psychology than in actual economics. He points out that many Bulgarians carry emotional baggage from the past, specifically, the 1999 denomination of the lev, and that memory still shapes their fears today. Back then, the sudden removal…
Cross-border bus routes between Estonia and Latvia introduced last month were used by more than 2,000 passengers in July. Officials say this shows the routes are needed. In July, cross-border public transport routes between Estonia and Latvia were launched on a one-year trial basis. The Parnu-Ikla-Ainazi-Salacgriva county route and the Valga-Valka city route have been…
The executive director of the Association for Modern Trade Nikolay Valkanov expressed serious concerns about the government’s recent regulatory actions and legislative changes surrounding Bulgaria’s eurozone transition and market oversight. Speaking to the Bulgarian National Radio, he highlighted mounting pressures on businesses, driven by rushed legal amendments and excessive state intervention. Valkanov acknowledged that the…
Deputy Prime Minister for Restoration of Ukraine and Minister for Communities and Territories Development Oleksii Kuleba participated in a meeting with Romania’s Foreign Minister Oana-Silvia Toiu during her first visit to Ukraine since taking office. Representatives of the Ukrainian Government and Romania’s diplomatic team were also present. “We are systematically advancing logistics, expanding border infrastructure,…
Prime Minister of Ukraine Yulia Svyrydenko met with Romanian Minister of Foreign Affairs Oana-Silvia Toiu, who was on an official visit to Ukraine. The conversation centered on European integration, deepening defense cooperation, participation of Romanian businesses in the rehabilitation of the Ukrainian economy and the implementation of joint infrastructure projects. “Ukraine and Romania share a…
August 7 marks the final day for businesses in Bulgaria to prepare for the mandatory display of prices in both leva and euros. As part of the Euro Introduction Act, the regulation enters into force on August 8, requiring retailers to list both currencies on all goods and services. Labels must show prices in the…