Although converting leva into euros may appear straightforward – just divide by the fixed rate of 1.95583 – reality brings far more complexity. The transition comes with a massive logistical operation. According to preliminary Bulgarian National Bank (BNB) estimates, around 640 tons of banknotes and 7,700 tons of coins will be pulled from circulation, most…
Slovakia’s economy is losing steam. Once a regional growth leader, the country now ranks among the poorest performers in the European Union, coming 24th out of 27 in a new Prosperity Index compiled by Slovenska and Ceska sporitelna banks. Only Greece, Romania and Bulgaria fared worse. In contrast, neighbouring Czechia ranked 15th and Slovenia 4th.…
The Bulgarian National Bank (BNB) will stay the course with its conservative and stability-oriented monetary policy even after the country enters the eurozone. In an interview with Politico, BNB Governor Dimitar Radev confirmed that Bulgaria would continue to prioritize resilience, cohesion and price stability. “I lead one of the more conservative central banks, and we…
Over UAH 1 billion in subventions and grants has been allocated for the construction of school shelters in Dnipropetrovsk region. This was announced by Prime Minister Denys Shmyhal during a working visit to the region on June 12. The Head of Government inspected the construction of a shelter at one of the region’s educational institutions.…
The Government has decided to create an Online Entrepreneur’s Office, which will operate on the Diia.Business platform. This was announced by Prime Minister Denys Shmyhal during a Cabinet meeting on June 11. “Small and medium-sized businesses will be able to access personalised support programmes, enabling them to expand their operations with state assistance,” Denys Shmyhal…
The European Bank for Reconstruction and Development (EBRD) officially launched its InvestEU programme in Bulgaria on June 11, marking a major step forward in the country’s transition to a green and sustainable economy. The event brought together financial sector leaders, representative of the EU and senior business executives to highlight the country’s growing momentum in…
Lithuania’s government on June 11 granted permission to bypass public procurement procedures in the acquisition of combat payloads, specifically kamikaze drones and anti-tank mines. According to the resolution prepared by the Defence Ministry these purchases will not be subject to provisions of the Law on Public Procurement in the Fields of Defence and Security. This…