Preliminary data from the Ministry of Finance indicate a slight reduction in the budget deficit for November compared to October. As of the end of November, the deficit is expected to stand at 3.7 billion leva, marking a decrease from nearly 4 billion leva reported in October. This adjustment corresponds to a decline in the…
Mass layoffs have resurfaced in Bulgaria’s labor market, with nearly 10,000 workers affected in the past two years. Once associated with the closure of major industries, this process has gained renewed attention as significant foreign investors withdraw from the country. Between January and October, 65 notifications of mass layoffs involving 4,921 employees were submitted to…
Revenues to the consolidated budget in January-November from payments controlled by the State Tax Service of Ukraine amounted to UAH 1423.3 billion. The state budget received UAH 1,029.7 billion and local budgets – UAH 393.6 billion. Revenues to the general fund of the state budget amounted to UAH 938.9 billion. The Ministry of Finance has…
Ukrenergo repair crews have repaired damage to a high-voltage line that supplies power to the Zaporizhzhia nuclear power plant temporarily seized by Russians. Ukrenergo reported this on Facebook. The company noted that work to restore the overhead line damaged by enemy shelling began immediately after receiving the necessary permits from the military. “At present, the…
Bulgaria’s banking system is on track to surpass three billion leva in profits again this year, following the record-breaking 3.4-billion leva reported in 2023. According to the Bulgarian National Bank (BNB), commercial banks in the country had already posted a total profit of 3 billion leva as of the end of October. However, the growth…
Small grocery stores contribute approximately 10% to Bulgaria’s GDP. For the first time in a decade, traditional trade is outpacing the growth of modern trade, reversing a long-standing trend that had led to the closure of 10,000 family-owned stores in recent years. Despite fierce competition from hypermarkets, these small stores retain a significant market share…
Prime Minister Denys Shmyhal emphasized that given the security situation, it was currently impossible to partially open the airspace, so it was important to develop alternative routes for the delivery of goods and passengers. He said this during the International Transport Forum. “We have conducted a risk assessment and identified the need for air defense…