Inflation in Bulgaria is projected to rise ahead of the country’s euro adoption, as indicated in the Ministry of Finance’s latest spring Macroeconomic Forecast. The anticipated increase is largely driven by higher prices for services and food. According to data based on the EU consumer basket, the average annual inflation rate in 2024 was recorded…
At the Second EU-Ukraine Defence Industries Forum (DFNC2: EU Edition) in Brussels, Ukraine’s Minister of Strategic Industries Herman Smetanin and Jan Pie, Secretary General of the ASD Europe, signed a Memorandum of Understanding on cooperation in the defence industry. The Memorandum aims to advance the shared interests of Ukrainian industry and ASD members. To this…
Kharkiv received six trolleybuses from its sister city of Brno, the Czech Republic. The rolling stock was provided by agreement between Kharkiv Mayor Igor Terekhov and the Brno city authorities. As reported by the Deputy Director of the Department of Construction and Road Management Volodymyr Matyas, Kharkiv would receive 14 more such trolleybuses in the…
Iliya Lingorski, a member of the Bulgarian National Bank’s (BNB) Governing Board, highlighted the significant logistical challenges of adopting the euro in Bulgaria during a public lecture at the University of Economics in Varna. According to Lingorski, the introduction of the euro involves much more than just currency exchange; it also requires extensive adjustments across…
The Bulgarian National Bank (BNB) has clarified the procedural changes that will take effect with the adoption of the euro as Bulgaria’s official currency. One significant update is that the BNB will no longer announce the base interest rate, as stated in its series of questions and answers about the transition to the euro. With…
The Bulgarian National Bank (BNB) has announced that it will stop publishing the key interest rate following the country’s adoption of the euro. This change is outlined in a new series of questions and answers available on the central bank’s website. Once the euro becomes the official currency of Bulgaria, the key interest rate will…
More than 3,000 employers have received compensation for hiring 5,500 internally displaced persons (IDPs) since the beginning of 2025. The state has paid them a total of UAH 127 million, according to Deputy Minister of Economy Tetiana Berezhna. “Through the compensation programme for employing IDPs, we support businesses that hire people forced to relocate from…