Discussions are currently taking place at various levels with multiple manufacturers regarding the potential production of large-calibre ammunition in Latvia, in order to find the most suitable solution for the needs of the National Armed Forces (NAF), the Ministry of Defence (MoD) Press Department confirms. Aivars Purins, State Secretary of the Ministry of Defence, confirmed…
The government has approved a budget of 9.5 million leva for Bulgarian Posts to support preparations for the switch from the lev to the euro. This funding will be used by post offices to acquire banknote-counting machines, devices for detecting counterfeit currency and other necessary equipment. Deputy Prime Minister and Minister of Transport Grozdan Karadjov…
As part of his working visit to Canada, Minister of Finance of Ukraine Sergii Marchenko held a meeting with Canadian businesses and representatives of the Ukrainian business community in Canada. He also took part in a roundtable with leading Canadian pension and investment funds, joined by Canada’s Minister of Finance Francois-Philippe Champagne. The participants discussed…
Defense Minister Rustem Umerov has called on EU defense ministers to prioritize procurement in the Ukrainian defense industry. Umerov posted this on Facebook following a videoconference with EU High Representative for Foreign Affairs and Security Policy Kaja Kallas. According to him, the main topic of the conference was the new EU defense initiative SAFE (Security…
The Governor of the Bulgarian National Bank Dimitar Radev announced that Bulgaria was entirely prepared to join the eurozone, reaffirming the country’s commitment to adopt the euro as of January 1, 2026. His remarks came during the official opening of a new BNB cash center for Northern Bulgaria. The investment in the facility amounts to…
Confidence among European investors in Slovakia is deteriorating for a second consecutive year, with many expressing concern over the country’s economic policy, sluggish demand and a deepening labour shortage, according to a new survey of nearly 100 firms conducted in March. Only 3% of companies rated Slovakia’s current economic situation as good, while 41% described…
The “Podkrepa” Confederation of Labor has voiced strong opposition to the Bulgarian government’s plans to relax rules on hiring workers from third countries. A key proposal under discussion is to increase the quota for foreign employees in Bulgarian companies. These measures were outlined by Deputy Prime Minister Grozdan Karadjov during a debate hosted by the…