Bulgaria has officially signed a contract for a feasibility study on the development of an East-West energy corridor. This agreement, which involves grant funding of nearly $1.5 million from the US Trade and Development Agency, is a significant step forward in the country’s energy sector. Energy Minister Vladimir Malinov commented on the signing, highlighting that…
Beer production in Bulgaria increased by 4% YoY as of the end of June, with 45% of annual sales traditionally occurring during the four warmest months of the year, according to the Union of Brewers ahead of their professional holiday, celebrated on Ilinden. Over the past 18 months, Bulgarian brewers have introduced 15 new beers,…
As of July 21, the Pension Fund has allocated UAH 51.6 billion for pension payments, including UAH 9.3 billion through JSC Ukrposhta and UAH 42.3 billion through authorised banks. Moreover, UAH 1,309.6 million was allocated for housing subsidies and benefits and UAH 2,199.1 million – for insurance payments, including UAH 1,025 million for sick leave…
The leadership of the Ministry of Finance of Ukraine and representatives of the International Monetary Fund held the final meeting of the IMF mission. The mission took place in Kyiv on July 16-19. The teams of the Ministry of Finance headed by Minister of Finance Sergii Marchenko and the IMF Mission to Ukraine headed by…
According to a survey by the National Center for Parliamentary Studies (NCPI), a unit of the Bulgarian National Assembly, approximately 60% of Bulgarians oppose the adoption of the euro. This extensive study, covering a variety of topics, was conducted on May 1-16 among 1,000 Bulgarian citizens and was representative of the adult population. The findings…
In the first half of next year, the Polish presidency of the EU will have its own proposals for changes to the EU’s trade cooperation with Ukraine. Polish Agriculture Minister Czeslaw Siekierski said this during a meeting with Polish farmers in Bialystok (north-east Poland) on July 18 at the office of the Voivode of Podlaskie…
In 2023, Bulgaria collected 217 million BGN from a windfall tax on firms in the oil, natural gas, coal and petroleum products sectors, according to Finance Minister Lyudmila Petkova. This tax was introduced to capture the extraordinary profits these firms made due to the surge in energy prices following Russia’s invasion of Ukraine. The windfall…