A defense industry park planned near Parnu could largely be built underground, members of the Riigikogu’s defense committee said, drawing on the lessons of the Russian war in Ukraine. Construction for the base infrastructure of the facility, near Tostamaa, Parnu County, is planned to start this year, with a current budget of EUR 50 million.…
The newly introduced US customs policy is creating both confusion and opportunity for businesses in Bulgaria’s Trakia Economic Zone, which hosts around 200 companies producing for European and global markets. Among the businesses expressing concern is a German manufacturer near Plovdiv, which produces automotive and white goods components for Bulgarian firms exporting to Europe. Though…
The business of Poltava region is expanding its opportunities within the framework of the state policy “Made in Ukraine”, which was initiated by President Volodymyr Zelensky. Entrepreneurs of the region are becoming participants in government grant programs. This was reported by the acting head of the Poltava Regional Administrative Organization Volodymyr Kohut. Grants are most…
On April 18, the Minister of Finance of Ukraine Sergii Marchenko and the Ambassador of Japan to Ukraine Masashi Nakagome signed an agreement in the form of an exchange of notes. The agreement provides for a loan to Ukraine of up to 471.9 billion yen (about $3 billion). The funds are part of the Extraordinary…
Despite the global escalation of the trade war, there have been no significant negative trends in Bulgaria’s tourism sector so far. Konstantin Zankov, chief expert at the Institute for Analysis and Evaluation in Tourism, shared this insight in an interview on Bloomberg TV. Zankov noted that tourism was typically one of the first sectors to…
Slovakia ended 2024 with a public finance deficit of 5.3% of GDP – lower than feared, but still among the worst in the European Union and well above the bloc’s 3% ceiling. With debt now nearing 60% of GDP, the country’s long-term fiscal sustainability is in serious question, according to national watchdogs. When Prime Minister…
Intercompany debt is a common aspect of the business landscape, both in Bulgaria and Western Europe. Often seen as a sign of growth, it reflects businesses expanding and investing in new opportunities. When managed properly, this indebtedness can boost turnover and accelerate development. However, risks arise when such debt is mismanaged, leading to deferred payments…