In a recent interview with Bulgarian National Radio, financial analyst Svetozar Gledachev warned that without Bulgaria’s entry into the eurozone, politicians might be tempted to push for a change regarding the currency board. Gledachev described the situation as similar to a roller coaster ride, where financial irresponsibility led to increasing wages and borrowing, ultimately resulting…
Estonian biomaterials producer Fibenol will build a modern EUR 700-million biorefinery in Latvia and promises to create 100 new jobs. Fibenol plans to build the plant on a 26-hectare site in Valmiera municipality, approximately an hour from the Estonian border. The company said it would be the most modern facility in the world in its…
Wizz Air has announced the launch of new flights from Sofia to two exciting destinations: Alghero in Italy and Krakow in Poland. The low-cost airline, known for its sustainability efforts, will begin regular services in June. Flights to Alghero will operate on Thursdays and Sundays, while Krakow will be serviced on Mondays, Wednesdays, and Fridays.…
On March 17, the Deposit Guarantee Fund will hold a re-auction for the sale of loans of JSC “Ukrbudinvestbank” with a hotel complex in Transcarpathia as collateral. “On March 17, an auction for the sale of assets of JSC “Ukrbudinvestbank”, which is being liquidated by the Deposit Guarantee Fund, will be held in the Prozorro.Sales…
The Ministry of Finance of Ukraine, in conjunction with the National Bank of Ukraine, conducted its first switch auction on February 19, using a new feature of the Bloomberg Auction System (BAS). This new feature allows for more efficient debt and liquidity management and marks a significant milestone in the development of Ukraine’s government bond…
As a 10-year contract on gas transit via Lithuania to Russia’s Kaliningrad region is expiring at the end of the year, the energy minister says it is too early to say if it will be extended. Zygimantas Vaiciunas noted that the gas transit deal was not just a bilateral issue between Vilnius and Moscow, it…
Tourist agency GoVola has reported a substantial increase in airline ticket sales for 2024, reflecting both the growing enthusiasm of Bulgarians for travel and the company’s expanding presence in the market. Despite economic challenges such as inflation and limited airline seat availability, the online travel agency recorded a 49% rise in ticket sales compared to…