Transport Minister Eugenijus Sabutis believes that it is realistic to build the Rail Baltica European standard-gauge railway between Lithuania and Poland until 2030. In Latvia and Estonia, however, the line is likely to be completed later. “First of all, the question we have to answer is whether this is realistic in Lithuania and Poland. It’s…
Bulgaria has met the inflation criterion required for entry into the Eurozone, with an average annual inflation rate of 2.6% over the last 12 months. This marks the fulfillment of the final condition needed for the country to adopt the euro, according to Asen Vassilev, co-chairman of We Continue the Change – Democratic Bulgaria (WCC-DB).…
The Ministry of Economy has updated its catalogue of industrial parks, a tool for finding locations with infrastructure, favourable conditions and business opportunities. This catalogue will help companies find partners, locate their production facilities and attract new investment. The catalogue contains all the information needed to choose the best location for business: – Specialisation of…
Germany will continue creating joint ventures with Ukraine in the defense industry, including in the field of drone production, but not missiles. This was stated by German Defense Minister Boris Pistorius at a press conference in Kyiv on January 14. “We will continue to invest in the Ukrainian defense industry,” Pistorius said, recalling that this…
Bulgaria’s National Statistical Institute reported that inflation in 2024 stood at 2.2%, a slight increase from the previous year. The inflation rate in December 2024 was recorded at 0.4%. The average annual inflation for the period from January to December 2024, compared to the same period in 2023, reached 2.4%. Among the various categories, the…
The mild and windy weather this winter has created a situation whereby electricity exchange prices remain close to the minimum at night, while daytime prices are set by individual generation units in Estonia. On January 14 the electricity exchange price remained at EUR 1 per megawatt-hour (MWh) overnight and rose to EUR 91 at 8…
In 2024 Bulgaria’s electricity sector faced significant challenges, with a sharp decline in exports and a rise in domestic consumption. The country’s energy production decreased by 5% compared to the previous year, largely due to reduced output from coal-fired thermal power plants. However, renewable energy sources, particularly solar power, saw notable growth. Despite producing record…