The Ministry of Finance fully and timely funded social payments in the first half of 2025. A total of UAH 191.5 billion from the state budget was allocated for social payments administered by the Ministry of Social Policy. Specifically: – UAH 113.5 billion – for financing pensions, supplements, and pension increases under the Pension Fund’s…
Following the fourth Ukraine Recovery Conference held in Rome, over 200 agreements and memoranda were signed, totalling more than EUR 13 billion, Prime Minister Denys Shmyhal announced during a Cabinet meeting on July 14. “URC2025 demonstrated the unwavering unity and solidarity of the international community. Ukraine’s recovery is seen as a global project, the success…
A new trend is emerging in Sofia’s real estate scene – property sales are outpacing rentals, reversing a pattern that has dominated the past decade. The observation comes from the National Real Estate Association (NRA), which brings together over 2,500 professionals committed to ethical and responsible practice. While this reversal is noteworthy, experts anticipate a…
Energy Minister Zhecho Stankov shared encouraging news for Bulgaria’s energy sector, highlighting that financial institutions were prepared to provide funding eight times greater than what was required for the construction of the Vertical Gas Corridor infrastructure. He attributed this favorable development to the positive momentum following Brussels’ announcement confirming Bulgaria’s eurozone entry starting from January…
During the Ukraine Recovery Conference (URC), five agreements were signed to foster cooperation in the defence industry. An agreement on cooperation was signed between the Ministry of Strategic Industries of Ukraine and the Italian Ministry of Defence. This joint commitment aims to promote collaboration between Ukrainian and Italian defence companies, addressing needs for components and…
From July 8 to 11, representatives of the Ministry of Finance of Ukraine held a series of working meetings with experts from the Organisation for Economic Co-operation and Development (OECD). The discussions focused on Ukraine’s strategic initiatives in international taxation, harmonization of legislation with EU tax standards, preparations for OECD accession and further adaptation of…
A train line launched between the capitals of Estonia, Latvia and Lithuania in January has exceeded expectations and sales of bus tickets on the same route have dropped by more than 25%. The almost 10-hour route links Talllinn, Tartu, Riga and Vilnius and was introduced to increase connections between the Baltic States. Rail Baltic, which…