Trump’s new tariff policy is set to have a significant impact on global trade, with nearly 90 countries affected by increased duties on imports into the United States. Among them, Bulgaria, Greece and Romania – as part of the European Union – will face a combined tariff rate of 30% on their exports, while non-EU…
Estonia has opted to develop its defense against ballistic missiles, likely meaning an investment of over 1 billion euros. The top contenders for procurement currently include air defense systems made by Israel, the U.S., including the Patriot system and the French-Italian consortium Eurosam. Defense Minister Hanno Pevkur (Reform) in September 2023 signed an agreement in…
Restaurants in Bulgaria have organized protests to demand a return to the 9% VAT rate for the tourism sector, despite the 2025 budget passing with a 20% VAT for the restaurant industry. The protests will include temporary closures of establishments, though not during peak hours, and are planned for April 7-9. The Bulgarian Hotel and…
Ukraine increased electricity imports in March by 11% compared to February, to 272,000 MWh. Hungary became the largest supplier, from which 42% of imported electricity came. The share of supplies also amounted to: 19% from Slovakia, 18% from Poland, 16% from Romania and the rest – from Moldova. The increase in imports was recorded in…
The first trial batch of Ukrainian apples has arrived in the Republic of India, earning high praise from local experts for meeting the established standards. This achievement was announced by the State Service of Ukraine for Food Safety and Consumer Protection. According to its report, the Ministry of Agriculture and Farmers’ Welfare of India confirmed…
Bankruptcies in Bulgaria are expected to increase by 2% in both 2025 and 2026, according to experts from Allianz Trade, a global leader in trade credit insurance. While this rate remains below the global average of 6% in 2025 and 3% in 2026, the rise is still significant compared to pre-pandemic levels, which were 7%…
To mark the recent synchronization of the Baltic energy system with Europe and disconnection from the grid controlled by Russia, the mail carriers and transmission network operators of Latvia, Lithuania and Estonia have issued special postage stamps. “The electrical scheme creatively adapted in the postage stamp design symbolizes the unity of the Baltic countries within…