In 2023 10.6% of the population in the European Union reported being unable to keep their homes adequately warm, marking an increase of 1.3% compared to the previous year, according to Eurostat, the EU’s official statistics agency. In Bulgaria the percentage of those unable to maintain sufficient warmth in their homes was significantly higher than…
With two weeks left until the Baltic countries are due to disconnect from the Russian electricity system and connect to Western European grids, the three countries are fully prepared for the landmark event, their ministers have assured. Lithuanian, Latvian and Estonian ministers in charge of energy vow to work together to increase the flexibility of…
Bulgaria will request a convergence report from the European Commission regarding its readiness to join the Eurozone once the country fulfills the price stability criterion, according to Finance Minister Temenuzhka Petkova. She explained that while Bulgaria meets most of the required criteria for eurozone membership, the sole remaining hurdle is related to price stability. Eurostat…
On January 23, during the World Economic Forum in Davos, Ukraine and Switzerland signed a Memorandum of Understanding as part of efforts to engage the Swiss private sector in recovery and reconstruction projects. The document was signed by Guy Parmelin, Federal Councillor, Head of the Swiss Federal Department of Economic Affairs, Education and Research, and…
In 2024 foreigners registered 1109 new companies in Ukraine, down by 24% YoY. This is reported by Opendatabot. Citizens of 78 countries started businesses in Ukraine last year. Most of the companies were registered by citizens of Turkey – 201 business projects, Poland – 90 and US – 89. Almost half of the new foreign…
The Bulgarian government has effectively abandoned its plan to enter the eurozone on January 1, 2026, after Finance Minister Temenuzhka Petkova announced she would not request an extraordinary convergence report from the European Commission and European Central Bank. The country falls short of the inflation criterion by just 0.1%, with the current average annual inflation…
The Bulgarian government has announced a program to compensate businesses and non-household electricity subscribers for high energy costs until the end of March. Under the new measure, the full difference will be covered when the exchange price exceeds 180 leva per megawatt-hour, effectively preventing electricity bill increases. Energy Minister Zhecho Stankov emphasized the program’s dual…