Lithuania has risen by six spots, to the 22nd position among 67 countries in this year’s global digital competitiveness ranking, the Innovation Agency reports. In the 2024 ranking by the Switzerland-based International Institute for Management Development (IMD), Lithuania is the highest-ranking Baltic country, overtaking Estonia, which has dropped from the 18th to the 24th place.…
In the second quarter of the year, the housing price index in Bulgaria increased by 15.1% YoY, slightly lower than the 16% rise in the first quarter. Both new homes and existing properties saw price increases, with new homes rising by 15.6% and existing ones by 14.8%. This trend was also evident in the six…
On November 17, Russia launched a massive barrage of missiles and drones targeting Ukraine’s energy infrastructure, inflicting serious damage on equipment at thermal power plants, DTEK Group, the operator of thermal power generation, reported. According to tentative reports, the attack brought no casualties at the affected facilities. “After the strikes were over, emergency response teams…
The Government has adopted the Strategy for the Development of Agriculture and Rural Areas in Ukraine until 2030 and approved an operational plan for its implementation in 2025-2027. The decision was made at a regular meeting of the Cabinet of Ministers of Ukraine on November 15. This was announced by Vitalii Koval, Minister of Agrarian…
In the third quarter of 2024, Bulgaria’s Gross Domestic Product (GDP) increased by 2.2% YoY and by 0.5% QoQ, according to the preliminary estimate by the National Statistical Institute (NSI). Final consumption increased by 4.6% YoY, indicating a robust domestic market. Exports grew by a modest 0.1%, while imports rose by 2.9%, reflecting increased demand…
Banks in Bulgaria have reported a tightening of credit conditions for both businesses and households, primarily driven by increased interest rates. This tightening has been particularly evident in consumer loans, according to the Bulgarian National Bank’s (BNB) Economic Review for the third quarter of 2024. Despite the stricter conditions, banks have slightly relaxed the maximum…
A total of 282 businesses relocated from the areas of hostilities and frontline regions are now operating in the Zakarpattia region. The relevant statement was made by Zakarpattia Regional Military Administration Head Myroslav Biletskyi during the development forum Re:Open Zakarpattia. “Currently, we have 282 entities, which have resumed operations, including individual entrepreneurs,” Biletskyi said. In…