Macroeconomist Stoyan Panchev, an analyst from the Expert Club for Economics and Politics, warned that Bulgaria could face significant challenges if it rushed into joining the eurozone, particularly concerning the budget deficit. Speaking to Bulgarian National Radio (BNR), Panchev stated that while inflation might seem manageable, the real issue could arise from the deficit once…
Lithuania, along with Latvia, Estonia and Poland, plans to ask the European Commission to delay regulations set to “dramatically” raise the cost of fossil fuel-based fuels starting in 2028, Prime Minister Gintautas Paluckas has reported. “We’re talking with the Baltic prime ministers, and Poland has also expressed interest and asked the European Commission to postpone…
Bulgarian Posts will carry out the exchange of levs into euros in 2,230 post office locations across the country, according to an official statement from the postal operator. The complete list of participating offices is now available on the company’s website. At these locations, individuals will be able to exchange lev banknotes and coins into…
First Deputy Prime Minister and Minister of Economy of Ukraine Yuliia Svyrydenko met with South African business leaders and representatives of business associations during a visit to the Republic of South Africa. Discussions centred on trade and attracting private capital for Ukraine’s post-war reconstruction. The delegation included Minister of Agrarian Policy and Food Vitalii Koval…
The Ukraine Energy Support Fund was established in April 2022 through a joint initiative by Ukraine’s Energy Minister German Galushchenko and EU Energy Commissioner Kadri Simson. Over its existence, it has become an effective tool for providing international assistance in the energy sector. “For all these years of war, energy has been one of the…
Slovakia’s labour market, long buoyed by years of economic growth, is now showing signs of strain. After a decade of steadily rising employment, driven by expansion in key sectors, the country is experiencing stagnation – and in some areas, a modest decline, particularly within the private sector. Economists and employers alike point to the twin…
Bulgaria has fulfilled the final requirement for joining the eurozone by meeting the budget deficit criterion. Following the earlier achievement of the inflation target, the last step was to confirm compliance with the EU methodology regarding public finances for 2024. According to preliminary data from Bulgaria’s National Statistical Institute and Eurostat, the country’s general government…