Bulgaria’s minimum wage is set to rise to 1,077 leva (550 euros) from January 2025, despite the absence of an adopted budget for the year. The increase, implemented through a government decree published in the State Gazette in October, marks a 15.4% hike from the current 933 leva. This adjustment follows a pattern of steady…
Ukraine has taken all necessary steps in advance to ensure stable gas supplies to consumers despite the complete halt in Russian natural gas transition, Energy Minister Herman Galushchenko has announced. “We have consistently communicated that transit will halt from January 1, 2025. Therefore, our position remains unchanged. We have been preparing for the cessation of…
Prime Minister Denys Shmyhal inspected a power facility damaged by a russian strike while on a working visit to Zaporizhzhia region. He stressed that the energy infrastructure was constantly under russia’s shelling, and the frontline regions were particularly affected. “To minimise damage, we are implementing projects to build protection systems around energy facilities. This is…
The European Bank for Reconstruction and Development (EBRD) has partnered with UniCredit Bulbank to support the growth and sustainability of Healthy Bars, a leading Bulgarian protein bar producer. As part of this partnership, the EBRD will share the risk on a EUR 14.8-million senior secured loan provided by UniCredit Bulbank to the company. Through an…
If Bulgaria adopts the euro in July 2025, property prices are expected to rise further, according to Yavor Peychev, executive director of the real estate agency “Imoteka”. He predicts that finding buyers for properties priced higher than the market value will become more challenging. While sellers have dominated the market in recent years, taking advantage…
At the end of 2024, Ukraine’s gross domestic product (GDP) is expected to increase by 4%, of which 0.64% has been provided by the “Made in Ukraine” economic policy. The relevant statement was made by the Economy Ministry. “In the overall growth of 4% this year, 0.64% (i.e. over UAH 88 billion) has been provided…
In 2024, the Ministry of Health and the World Bank continued implementing the joint Health Enhancement and Lifesaving (HEAL) Ukraine Project. The project is aimed at restoring and improving access to essential healthcare services for Ukrainians, meeting new and urgent healthcare needs, providing financial protection in emergency situations, etc. Due to the high level of…