Although a large majority of Poles think their financial literacy is average or good, in reality many of them have gaps in knowledge relating to even basic concepts such as inflation, a new study has found. The report, commissioned by KRD, which runs Poland’s largest debt registry, consisted of a survey asking Poles to assess…
Latvian prosecutors are seeking a prison sentence for Estonian transport magnate Oleg Ossinovski in relation to corruption allegations. A prosecutor from the Riga Regional Court is seeking a four-year sentence in respect of Ossinovski (pictured) and also for Ugis Magonis, CEO of Latvian Railways (Latvijas dzelzcels). Latvian public broadcaster LSM reported that, according to the…
The Ministry of Defence of Ukraine has established a Donor Council for Institutional Reforms to create a “single window” for effective and transparent communication with partner countries that support transformation processes. “The Donor Council will help us simplify communication with partners through regular updates on the progress of reforms and will become a transparent mechanism…
Since the beginning of 2024, entrepreneurs have received 9,582 loans under the Affordable Loans programme totalling UAH 38 billion. Banks issued 20% of loans to processing enterprises. Last week, entrepreneurs received 512 such loans worth UAH 1.8 billion. Since the launch of the programme in February 2020, 88,500 loans worth UAH 305 billion have been…
Many Bulgarian consumers are raising concerns about the resale of goods from Chinese sites like Temu and Shein at higher prices in Bulgarian physical and electronic stores, according to Gabriela Rumenova from the online platform “We, the consumers”. This comes in light of the European Consumer Organization (BEUC) filing a collective complaint to the European…
Coastal hoteliers are increasing employee wages by at least 20% to address the staff shortage, Minister of Tourism Evtim Miloshev has explained. “Since the start of the year, in the first three months, data from the European Tourist Commission showed that Bulgaria was in the second place for recovery compared to 2019, which was a…
The Ministry of Energy of Ukraine has approved a Roadmap for Smart Grids Development. It envisages the introduction of automation and digital solutions at all levels of the energy system. This is necessary to make the system more balanced and secure, as well as more resilient to military risks. According to the roadmap, the restoration…