Ukraine is working with the European partners to increase electricity imports during the winter period, MP Inna Sovsun, head of the subcommittee on bringing the Ukrainian legislation in line with the European Union law within the Verkhovna Rada’s Committee on Energy, Housing and Utilities, has announced. She noted that Ukraine was on the brink of…
The state company LB Bulgaricum has signed an agreement with its long-time partner, the Japanese company “Meiji,” to establish a joint research laboratory in Bulgaria. The signing ceremony was attended by Acting Minister of Economy Petko Nikolov and the Japanese Ambassador to Bulgaria, His Excellency Hisashi Michigami. The lab’s main objective will be to further…
Two new buildings, each 75 meters tall, are set to be constructed in Sofia’s “Slatina” district, following an amendment to the construction plan approved by Acting Chief Architect of the Metropolitan Municipality Bohdana Panayotova. This development is taking place on the site of the former “Elektronika” factory, as reported by blogger Boyan Yurukov on Facebook.…
On October 17, the state budget of Ukraine received a tranche from the Government of Canada in the amount of CAD 400 million (almost $300 million). Thus, since the start of the full-scale war, direct budget support from Canada has reached $5.4 billion. The funds are provided on concessional terms: 10-year term, interest rate –…
The Brave1 defense tech cluster participants have already received $8 million in grant support from the state for the development of technology startups. The relevant statement was made by Ukrainian Deputy Prime Minister for Innovation, Education, Science and Technology Development – Digital Transformation Minister Mykhailo Fedorov. “About 3,000 companies have already been registered with the…
Simeon Dyankov, a former finance minister, has said that the Bulgarian economy is performing reasonably well, although discussions regarding the macro framework for 2025 are currently stalled due to the absence of a functioning parliament and government. He noted that finance minister Ludmila Petkova had called on politicians to outline necessary budget measures and determine…
Bulgaria has emerged as a frontrunner in the EU regarding agricultural support for the small ruminant sector. This acknowledgment came from the National Sheep and Goat Breeding Association, the members of which attended a significant European livestock exhibition in France earlier this month. Co-chairman of the association Simeon Karakolev expressed surprise at the level of…