The European Bank for Reconstruction and Development (EBRD) set a new investment record in the Baltic States, committing 540 million euros in 2024. This surpasses previous highs of 358 million euros in 2022 and 323 million euros in 2023, with a remarkable 95% of the funding supporting green projects. Estonia and Lithuania led the way…
The practice of hiring workers without formal employment contracts remains a widespread violation of labor and social security laws in Bulgaria, according to data from the Confederation of Bulgarian Trade Unions (CITUB) collected over the past year. The most frequently affected sectors include services, repair work and the restaurant industry. Velichka Mikova, CITUB’s national secretary…
Gas Transmission System Operator of Ukraine LLC (GTSOU) and several key organizations and companies have signed a Memorandum of Understanding to establish and support the implementation of the Ukraine-EU Hydrogen Corridor. The relevant statement was made by the company’s press service. “The signing took place with representatives from Gas TSO of Ukraine, Stadtwerke Munchen, Wien…
In January-November 2024 Ukraine exported $38.4 billion worth of goods, up by 16.5% YoY. At the same time, the import of Ukrainian goods increased by 11%, to $63.7 billion. The relevant data were published by the Ukrainian State Statistics Service. The negative foreign trade balance was $25.2 billion. In January-November 2023 it was also negative,…
Bulgaria is expected to request extraordinary convergence reports from the European Commission and the European Central Bank for eurozone entry until the end of January, according to the former Finance Minister Lyudmila Petkova. She made the announcement during a visit to the Ministry of Finance following the official handover ceremony for the newly formed government.…
Transport Minister Eugenijus Sabutis believes that it is realistic to build the Rail Baltica European standard-gauge railway between Lithuania and Poland until 2030. In Latvia and Estonia, however, the line is likely to be completed later. “First of all, the question we have to answer is whether this is realistic in Lithuania and Poland. It’s…
Bulgaria has met the inflation criterion required for entry into the Eurozone, with an average annual inflation rate of 2.6% over the last 12 months. This marks the fulfillment of the final condition needed for the country to adopt the euro, according to Asen Vassilev, co-chairman of We Continue the Change – Democratic Bulgaria (WCC-DB).…