Bulgaria could potentially adopt the euro on July 1, 2025, if all the necessary steps are taken within the required timeframe. According to an analysis by Stanislav Popdonchev, Deputy Chairman and Chief Financial Officer of the Bulgarian Chamber of Commerce, Bulgaria has time to meet the conditions for euro adoption until the middle of 2025,…
The main Rail Baltica route connecting the Baltic States must be completed until 2030, confirmed European Commission Coordinator Catherine Trautmann at the Latvian parliament. However, according to Trautmann, the project will not be considered complete until all Baltic capitals, including Riga, are connected to the European rail network. Latvia’s parliamentary Rail Baltica investigation committee invited…
In Bulgaria, the demand for workers had been steadily increasing, a trend that continued into the past year. Despite this, more than 200,000 people in the country who are capable of working remain unemployed. This raises the question of why such a large portion of the potential workforce is not engaged in the labor market.…
While the completion date for Rail Baltica has recently been set at 2030, it may not be possible to travel on the railway until 2031. Currently, the Ministry of Climate estimates that the Estonian section of Rail Baltica will cost 3 billion euros, and this figure assumes significant cuts to the originally planned scope. In…
Due to the threat of a missile strike, emergency power outages have been introduced in Kyiv, the Kyiv City Military Administration reports on Telegram. “In connection with the threat of a missile strike, schedules of emergency power outages have been introduced in Kyiv. This is a preventive measure,” the report says. Later, DTEK Group clarified…
Prime Minister of Ukraine Denys Shmyhal inspected the operation of energy facilities during a working visit to Odesa region. The Head of Government was briefed on the arrangement of the third level of engineering protection at one of the facilities and the financing needs. The timing of the project was agreed with the government team…
Over the next year, more than 17,000 Bulgarian companies are planning layoffs, marking a nearly 37% rise in firms forced to scale back and reduce staff. In 2023, 12,600 companies reported similar workforce reductions. The data come from a study by the Employment Agency on labor market needs. Sectors most affected include trade, transport, and…