Cash holdings in Bulgaria remain high, with over 30 billion leva reportedly kept outside the banking system. The Association of Bulgarian Banks has urged citizens to deposit these funds into banks ahead of the country’s planned eurozone entry. James Yolovski, Secretary General of the association, explained this during an interview with Bulgarian National Radio. Positive…
Since the resumption of registry operations in 2025, 2,334 Ukrainians have taken advantage of the affordable mortgage programme eOselia, securing loans totalling UAH 4.3 billion. This was announced by Andrii Teliupa, Deputy Minister of Economy. “The eOselia programme offers flexible and attractive conditions for obtaining a loan to purchase a home. Since its launch, 17,174…
The Government has introduced one-time financial assistance for young medics who choose to work in rural areas or combat zones. This was announced by Prime Minister Denys Shmyhal during a Cabinet meeting on May 30. Specifically, a resolution was adopted to provide one-time financial aid to graduates of medical higher education institutions who, upon completing…
The Consumer Protection Commission (CPC) and the Commission for Competition Protection (CCP) are joining forces to prevent an unjustified increase in the prices of goods and services during the transition to the euro. The two commissions will also investigate for any prohibited agreements between traders that might fuel such speculation. According to Rosen Karadimov, chairman…
Last year, eight in 10 tax audits ended with a penalty and an additional tax assessment. Yet despite the rising efficiency of the Financial Administration, the state collected nearly EUR 100 million less through this channel compared to the previous year. The administration focused primarily on value-added tax (VAT), where it recorded the highest number…
Estonia can help Latvia build its section of the Rail Baltic railway track to make sure the 2030 deadline is met, if necessary, Prime Minister Kristen Michal (Reform) has said. The Estonian, Latvian and Lithuanian prime ministers met in Riga on May 30 to discuss regional issues, including the under-construction train line which crosses all…
The global credit insurer Coface has released its annual insolvency report for Central and Eastern Europe (CEE), painting a nuanced picture of the region’s corporate stability. Although the CEE region saw a strong economic rebound in 2024, the number of bankruptcies continued to climb. Coface notes that, for a second year in a row, Bulgaria…