The Governor of the Bulgarian National Bank Dimitar Radev announced that Bulgaria was entirely prepared to join the eurozone, reaffirming the country’s commitment to adopt the euro as of January 1, 2026. His remarks came during the official opening of a new BNB cash center for Northern Bulgaria. The investment in the facility amounts to…
Confidence among European investors in Slovakia is deteriorating for a second consecutive year, with many expressing concern over the country’s economic policy, sluggish demand and a deepening labour shortage, according to a new survey of nearly 100 firms conducted in March. Only 3% of companies rated Slovakia’s current economic situation as good, while 41% described…
The “Podkrepa” Confederation of Labor has voiced strong opposition to the Bulgarian government’s plans to relax rules on hiring workers from third countries. A key proposal under discussion is to increase the quota for foreign employees in Bulgarian companies. These measures were outlined by Deputy Prime Minister Grozdan Karadjov during a debate hosted by the…
Ukraine and the Czech Republic will strengthen their partnership and enhance cooperation in economic, defence, and humanitarian spheres. This was outlined in a joint statement by the Prime Ministers of both countries, Denys Shmyhal and Petr Fiala, adopted following their meeting on May 20. The document confirms agreements to develop and deepen business cooperation around…
Bilhorod-Dnistrovskyi Port plans to deliver transit cargo from Asia to EU countries until the end of the year. The route will run through the territories of Moldova and Romania, the first deputy director of the port Igor Bilyk has said. The route Bilhorod-Dnistrovskyi – Galati (Romania) is 320 km long: 182 km through the territory…
According to the European Commission’s Spring 2025 Economic Forecast, Bulgaria’s economy is projected to grow at a slower pace, with GDP expected to rise by 2% in 2025, down from 2.8% in 2024. Until 2026, a slight increase to 2.1% is anticipated, influenced by both domestic and external factors. Private consumption will likely see more…
The European Commission (EC) forecasts that Latvia will experience the weakest economic growth among the Baltic States this year. According to the EC’s latest economic forecasts, Latvia’s gross domestic product (GDP) is expected to grow by just 0.5% in 2025. This is a downward revision from the 1% growth projected in November. At the same…