Small businesses in Bulgaria are far from ready to fully embrace the euro, even though some major retail chains began showing prices in both lev and euro earlier this month. According to industry representatives, retailers will need at least half a year to adjust to the new currency rules, while restaurateurs are bracing for higher…
“Experimental” bus services between Latvia and Estonia are planned to start in July and will ease the process of crossing the border in both countries for travelers. There will be two routes launching on July 1: Valka-Valga and Ikla-Ainazi-Salacgriva. The project was initiated by Estonia and after a 12-month trial period, the routes would be…
The government will act firmly against any attempt to unjustifiably raise prices in the context of Bulgaria’s upcoming adoption of the euro, Finance Minister Temenuzhka Petkova has stated during her first public appearance since the European Commission and European Central Bank issued positive reports on the country’s progress toward eurozone membership. Speaking at the 2025…
The Board of the National Bank of Ukraine (NBU) has decided to keep its key policy rate at 15.5%. This will support the sustainability of the FX market and keep inflation expectations in check. “If threats to the sustainable decline in inflation toward the 5% target increase, the NBU will keep its key policy rate…
The Verkhovna Rada has adopted amendments to the Budget Code of Ukraine necessary for the implementation of the U.S.-Ukraine minerals agreement, with the draft law passing almost unchanged in the second reading. MP Yaroslav Zhelezniak announced this on Telegram. “The Rada has finally approved amendments to the Budget Code to implement the minerals agreement. By…
From August 8, all retail outlets in Bulgaria are expected to display prices in both leva and euro, according to Nikolay Valkanov, executive director of the Association for Modern Trade. The move comes in anticipation of the country’s expected admission into the eurozone, with the final decision and date for entry projected to be announced…
The upcoming changeover from the lev to the euro in Bulgaria will not drive fuel prices up, according to Svetoslav Benchev from the Bulgarian Oil and Gas Association. He assured that the currency switch would have no impact on price levels, which were instead determined by the global crude oil market. “Whatever prices we see…