The recent record in gold prices has sparked discussions among financial analysts about its implications for the economy. Analysts suggest that this trend could signal an economic slowdown, potentially leading to reduced interest rates by the end of the year. They expect gold prices to continue rising, which has raised questions about whether this trend…
In Bulgaria, there has been a significant rise in the use of quick loans, a trend driven by several factors. According to Bogomil Nikolov, chairman of the “Active Users” Association, the country’s banking system has created a niche for these types of loans due to the cumbersome procedures involved in traditional bank loans, particularly for…
On September 1, the UK-Ukraine Digital Trade Agreement entered into force. Ukraine became the second country in the world after Singapore to sign such an agreement with the UK. “The support from the UK is unprecedented. Ukraine has felt it since the first days of the full-scale war. The Digital Trade Agreement between our countries…
Belgium is taking over the patronage of Kyiv and the region, as well as Chernihiv and the region, and plans to allocate EUR 150 million to rebuild social and energy infrastructure. The relevant memoranda were signed by Vasyl Shkurakov, Acting Minister for Communities, Territories and Infrastructure of Ukraine, and Dirk Desprez, Resident Represetative of the…
According to data from the National Statistical Institute, food represents the largest share of expenses for Bulgarian tourists, both domestically and internationally. For trips within Bulgaria, more than 40% of the travel budget is allocated to food, while this figure is 34.3% for travel abroad. This information covers the months of April, May and June,…
When electricity prices have reached several hundred euros per megawatt-hour (MWh) already, the Baltic States’ power plants – especially gas-fired plants – should be online as well, former Eesti Energia CEO and former Nord Pool Baltic and Russian region chief Hando Sutter has said. Commenting on the price of electricity, Sutter acknowledged that it was…
Interest rates on existing mortgage loans in Bulgaria are beginning to rise, according to a check by BNR based on recent data. Although these instances are currently isolated and do not yet impact overall statistics, they signal a trend that experts have anticipated for some time. The increase in interest rates is more pronounced for…