The government will act firmly against any attempt to unjustifiably raise prices in the context of Bulgaria’s upcoming adoption of the euro, Finance Minister Temenuzhka Petkova has stated during her first public appearance since the European Commission and European Central Bank issued positive reports on the country’s progress toward eurozone membership. Speaking at the 2025…
The Board of the National Bank of Ukraine (NBU) has decided to keep its key policy rate at 15.5%. This will support the sustainability of the FX market and keep inflation expectations in check. “If threats to the sustainable decline in inflation toward the 5% target increase, the NBU will keep its key policy rate…
The Verkhovna Rada has adopted amendments to the Budget Code of Ukraine necessary for the implementation of the U.S.-Ukraine minerals agreement, with the draft law passing almost unchanged in the second reading. MP Yaroslav Zhelezniak announced this on Telegram. “The Rada has finally approved amendments to the Budget Code to implement the minerals agreement. By…
From August 8, all retail outlets in Bulgaria are expected to display prices in both leva and euro, according to Nikolay Valkanov, executive director of the Association for Modern Trade. The move comes in anticipation of the country’s expected admission into the eurozone, with the final decision and date for entry projected to be announced…
The upcoming changeover from the lev to the euro in Bulgaria will not drive fuel prices up, according to Svetoslav Benchev from the Bulgarian Oil and Gas Association. He assured that the currency switch would have no impact on price levels, which were instead determined by the global crude oil market. “Whatever prices we see…
International Atomic Energy Agency (IAEA) Director General Rafael Grossi, after a visit to Kyiv, said “the threat to nuclear safety remains very real and ever-present” in Ukraine. According to Grossi, the presence of IAEA representatives at nuclear facilities in Ukraine remains necessary to help avoid the threat of a severe nuclear accident. He added that…
Ukraine is striving to join the Organisation for Economic Co-operation and Development (OECD) next year. Despite the ongoing war, the country is implementing structural reforms, aligning regulatory mechanisms with international standards, creating favourable conditions for investors and harmonising legislation with European norms. This was emphasised by Prime Minister Denys Shmyhal during a meeting of the…