The transition to the euro will not necessitate the re-signing of existing contracts, Vasil Golemanski, Chairman of the Financial Supervision Commission (FSC), has clarified. He warned the public about a wave of scams exploiting uncertainty around the euro adoption process. Golemanski emphasized that individuals were being targeted with misleading offers that involved signing new agreements…
Food producers in Bulgaria have raised prices on the domestic market significantly more than on export markets, according to the latest data from the National Statistical Institute up to the end of June. Over the past year, prices for food sold domestically have increased by 22.8%, while export prices for food products have grown by…
Kyiv has approached Warsaw with a request for a EUR 120-million loan to purchase military products from Poland’s defense industry, Ukraine’s Minister of Foreign Affairs Andrii Sybiha has said. According to the foreign minister, Poland-made weapons – particularly the Piorun MANPADS and Krab self-propelled howitzers – have proven highly effective and battle-tested, which is why…
The Ministry of Education and Science of Ukraine, in collaboration with the World Bank, continues to steadfastly support universities operating in frontline conditions or relocated due to russian aggression. As part of the relevant project component, funding exceeding UAH 120 million has been approved. These funds are aimed at procuring equipment to ensure resilient educational…
Moody’s has released its latest assessment of Bulgaria’s economic and institutional outlook, presenting a moderately positive view while highlighting ongoing challenges. The agency points to Bulgaria’s European Union membership and the planned adoption of the euro on January 1, 2026, as key factors supporting the country’s governance and institutional stability. Yet, corruption remains a significant…
The Slovak Association of Securities Dealers (AOCP) has reintroduced its corporate bond scoring initiative Zeleny Delfin (Green Dolphin), but with a key change: it now evaluates only those bond issues for which issuers explicitly request a rating. The scoring is free of charge, yet major financial groups such as J&T, Penta and Proxenta have declined…
The imposition of new import tariffs on European goods entering the United States is expected to have a significant impact on the Bulgarian economy, with projected losses exceeding 1.2 billion leva (approximately 626 million euros). This estimate comes from calculations by the Ministry of Economy in collaboration with the Institute of Economics at the Bulgarian…