After a strong growth in 2022, the Bulgarian economy will slow down, following trends in the European Union, according to a World Bank report. The World Bank reports that inflation in Bulgaria remains high, which threatens plans to adopt the euro in 2025. The fiscal deficit is expected to remain below the Maastricht ceiling of…
Moldova’s potential as attractive destination for Dutch business people, as well as the investment opportunities were unveiled at a Moldovan-Dutch business forum, held in Chisinau on October 4-5. Representatives of over 20 companies from the Netherlands, experts, business people, diplomats and representatives of central public authorities participated in the event, the government’s communication and protocol…
The National Bank of Poland (NBP) prefers to act gradually on interest rates, with potentially several minor cuts rather that a single larger one, the central bank’s governor has said. Adam Glapinski held a press conference on October 5, a day after the NBP’s Monetary Policy Council cut Poland’s interest rates by 25 basis points,…
On October 4, the Ministry of Finance of Ukraine, together with the Secretariat of the Cabinet of Ministers of Ukraine and the KfW Ukraine, reviewed the portfolio of joint projects for the first time since 2021. The event was held online. The review was chaired by Deputy Minister of Finance of Ukraine Olga Zykova, Director…
The United Nations Development Program and Japan have purchased and handed over two high-voltage autotransformers to Ukraine’s National Power Company Ukrenergo, the Ministry of Energy reports. “Two new powerful autotransformers have arrived in Ukraine, purchased and handed over by the United Nations Development Program in Ukraine and the Government of Japan under the close coordination…
Poland’s Gross Domestic Product (GDP) increased by 5.3% YoY in 2022, the Central Statistical Office (GUS) reported in its corrected estimate on October 5. In April, GUS reported that Poland’s economy grew by 5.1% in 2022. “In accordance with the corrected estimate, Poland’s GDP grew in real terms by 5.3% in 2022,” GUS wrote. “This…
“Will the energy transition affect prices in Bulgaria and can the agreement between the authorities and the protesters not lead to high social and consumer prices? There are forecasts of a jump in the price of electricity in the country next year. It will be equal to 10%, but it will be a consequence of…