The adoption of amendments to the Law on the Bulgarian National Bank (BNB), crucial for Bulgaria’s entry into the eurozone, was unexpectedly blocked in parliament as the ruling GERB party withheld its support. These changes, introduced by Dimitar Glavchev’s caretaker government, aimed to align the BNB leadership’s responsibilities with constitutional reforms from 2023, which allowed…
During the World Economic Forum in Davos First Deputy Prime Minister and Minister of Economy of Ukraine Yuliia Svyrydenko and European Commissioner for Enlargement Marta Kos discussed further support for Ukraine and the integration of its economy into the EU. This is the first meeting of the First Deputy Prime Minister with the newly appointed…
Over the past week entrepreneurs received 287 concessional loans totalling UAH 0.71 billion from authorised banks under the Government’s Affordable Loans at 5-7-9% programme, including 202 loans from public sector banks for over UAH 0.32 billion. Since the beginning of 2025 entrepreneurs have received 803 loans worth UAH 2.7 billion under the programme, including 520…
Sofia Airport has introduced free access to the Terminal 2 bus parking lot (P8) for tour operators’ buses and coaches throughout the winter season of 2024-2025. The initiative, aimed at supporting the active winter tourist season and facilitating high-intensity transfers, was agreed upon between the Minister of Tourism Evtim Miloshev and the airport concessionaire SOF…
Businesses in Bulgaria have identified cyberattacks as a growing concern, placing them among the top 10 risks for the first time in 2025, according to the Allianz Risk Barometer. The survey, conducted by Allianz Commercial, reflects feedback from over 3,778 risk management professionals across 106 countries, offering insights into global and local business challenges. Globally,…
Sofia has been ranked 195th out of 327 cities worldwide in Numbeo’s 2025 cost of living rankings. The analysis uses New York City as the baseline with an index of 100%. Cities with a higher index are more expensive, while those with a lower index are cheaper. Sofia’s cost of living stands at just 39%…
Ukraine’s banking system has successfully completed the second stage of transition to a new three-tier capital structure in line with EU requirements. As of January 1, banks’ capital was sufficient to cover all key risks. This was reported by the National Bank. “Ukraine’s banking system has successfully completed the second stage of transition to a…