Four Latvian companies have been included in the “Top 30” list of most valuable Baltic businesses, according to the list composed by investment company “Prudentia”. “Swedbank Baltics” is on the fourth place. This company unites all “Swedbank” Group companies in the Baltic States. The company’s value is EUR 4.345 billion, which is 28% more when…
The Ministry of Finance has unveiled the draft budget for 2025, alongside the updated medium-term fiscal forecast covering 2025 to 2028. The draft foresees a 3% deficit for the upcoming four years, while the country’s state debt is projected to rise to 81 billion leva until 2028. The budget’s revenue is expected to reach 92.5…
Since the beginning of 2024, businesses have received 23,556 soft loans under the Affordable Loans at 5-7-9% programme totalling UAH 88.4 billion, and 102,500 loans worth UAH 355.3 billion since the programme was launched in February 2020. Last week, Ukrainian entrepreneurs received 633 soft loans worth UAH 2.4 billion. “Since the beginning of the full-scale…
Companies, the infrastructure of which has been destroyed or damaged by the enemy and which are located in the territory of active hostilities, will be eligible for debt restructuring. The Government approved the relevant criteria for heat and water utilities on December 10, Prime Minister Denys Shmyhal said. “We are setting out an algorithm for…
Housing affordability in Sofia has improved since the pandemic, making it one of the few capitals in Central and Eastern Europe (CEE) to experience this positive trend, according to a report by Colliers International. The consultancy examined housing affordability from two key perspectives: the ability of an average salary earner to secure a loan from…
The Estonian, Latvian and Lithuanian national train service operators Elron, Vivi and LTG Link are beginning to synchronize their timetables to offer passengers better opportunities to travel by passenger train between the Baltic countries. From January 6, 2025 it will become possible to travel from Tallinn to Vilnius via Tartu and Riga with just two…
Bulgaria is expecting a boost in winter tourism this year, with about 3.1 million foreign visitors projected between December and March 2025, an increase of 5% compared to last year’s 2.9 million, according to Rumen Draganov, director of the Institute for Analysis and Forecasts in Tourism. This is also a notable rise of over 20%…