Sofia airport revealed news of Ryanair’s plans to introduce two fresh direct flight routes in 2024. The Irish carrier will offer connections to Copenhagen, Denmark and Alicante, Spain, operating between March 31 and October 26. Starting on April 1 until October 25, 2024 passengers can fly between Sofia and Alicante. Initially, flights will run twice…
The coming months offer hope for a stabilisation of inflation in Poland, Andrzej Domanski, the minister of finance, has said. “The bane of the Polish economy has been very high inflation in 2022 and 2023,” the minister said in parliament on December 21. “In 2022, it averaged 14.4%, and this year it would be around…
Bulgaria will finance more development projects in the southern region of Moldova. A memorandum of understanding to this effect was signed in Chisinau on December 20. Ambassador of Bulgaria to Moldova Maya Dobreva welcomed the signing of the memorandum and urged the beneficiaries to turn to good account the opportunities of the projects due to…
The Verkhovna Rada adopted two draft laws that would exempt the import of radar systems for security and defense purposes into Ukraine from VAT and customs duties. This was announced by First Deputy Chairman of the Verkhovna Rada Committee on Finance, Taxation and Customs Policy Yaroslav Zhelezniak. The decision was supported by 323 MPs. “The…
The National Bank of Ukraine has projected that the reduction in Ukraine’s foreign trade volume, resulting from restrictions on freight transport movement through the western borders in November and December, may amount to $1.5 billion. Notably, the specified reduction reached $860 million in November, with an anticipated additional decrease of $620 million in December. “According…
Minister of Infrastructure and Regional Development Andrei Spinu has launched the call for local public authorities to participate in the European Village 2 program. According to the official, the second project aims to fully support all localities for the construction of aqueducts. The European Village Program initiative was launched less than two years ago by…
Foreign investments in Bulgaria soared in January-October, reaching nearly EUR 3.4 billion – an impressive increase of over EUR 1.1 billion from the same period in 2022, marking a remarkable 53.6% YoY growth. Preliminary data from the Bulgarian National Bank highlight this as the country’s highest foreign investment surge in almost 15 years. Minister of…