Bulgaria: wage surge to outpace inflation in 2024

Bulgaria is set to witness wages outpacing inflation at a two-to-one ratio in 2024, according to Allianz Trade’s latest report. Anticipating a 9% growth in wages compared to an expected 4% inflation, the report indicates a slowdown from the 13.5% wage growth projected for 2023. Despite this deceleration, wages are poised to comfortably surpass rising…

Ukraine: unblocking border discussed with Poland

Oleksandr Kubrakov, Deputy Prime Minister for Restoration, Minister for Communities, Territories and Infrastructure Development, held a conversation with Dariusz Klimczak, Minister of Infrastructure of Poland, on unblocking the border. The key topic of the talks was the signing of an agreement between the Ministry of Infrastructure of Poland and Polish protesters to open the border,…

Ukraine: government working to launch Ukraine Development Fund and other instruments to attract investment

Despite the war, Ukraine’s economy is growing. Investors are increasingly investing in business in Ukraine. Work is continuing on the Ukraine Development Fund and other instruments to attract investment. This was stated by Yuliia Svyrydenko, First Deputy Prime Minister and Minister of Economy of Ukraine, during her speech at the “CEOs for Ukraine” panel discussion…

Bulgaria: country opts for electricity imports

Bulgaria is undergoing a shift toward becoming a net importer of electricity, driven by economic considerations, warns energy expert Krassimir Manov. Manov emphasized that despite the nation’s existing energy capacities, domestic production lacks competitiveness in the market. The current strategy favors importing electricity from neighboring countries, a practice once reversed. Until recently, Bulgaria supplied electricity…