Investments from the USA and Canada in Bulgaria surpass the country’s official balance of payments report findings, as per a recent Institute for Market Economy (IME) study spanning five years. The IME’s Chief Economist, Lachezar Bogdanov, highlighted that global companies from these regions often centralized their European operations in countries like the Netherlands or Switzerland,…
Efforts to assist Ukraine in exporting its agricultural products have exposed the Baltic countries’ insufficient transport capabilities, Lithuanian President Gitanas Nauseda has said in Tallinn. He also urged the acceleration of the Rail Baltica European standard-gauge railway project. “Our efforts to help Ukraine to transport agricultural products pointed to the insufficiency of connectivity capacity in…
Germany will provide Moldova with a grant worth 14.8 million euros for the implementation of projects in the energy efficiency sector, professional training of young people and public administration. The members of the parliament’s commission for foreign policy and European integration approved the consultative opinion for starting the negotiations and approving the signing of a…
The National Bank of Ukraine (NBU) sold $546 million on the interbank foreign exchange market over the past week. These are the results of currency interventions published on the central bank’s website. From December 4 to 8, the National Bank sold $546 million and purchased $1.99 million on the interbank foreign exchange market. Since the…
In 2024, Ukraine plans to spend almost UAH 1.7 trillion on the army, defence and security. The entire UAH 1.575 trillion of taxes paid to the budget by Ukrainians and Ukrainian businesses in 2024 will be used for defence. In addition, the Government will raise funds for defence needs through the placement of military bonds,…
Sparkling wines of producers from the Republic of Moldova were included in the top ten positions at the 21st edition of the international competition for the best sparkling wines in the world, Effervescents du Monde 2023. Thus, the Moldovan wines obtained five gold medals out of 80 awarded. At the same time, liqueurs made in…
Newly released figures from Eurostat reveal a notable surge in Bulgarian air passengers, marking a 74% increase in 2022. Despite this growth, the nation holds the distinction of the EU’s second slowest rise, with Cyprus recording a slightly lower increase at 69%. The European Union, as a whole, experienced a remarkable upswing, with an average…