Bulgaria ushers in the new year on a different note, as the State Budget Act for 2024 gets the green light, marking a departure from previous years of budgetary uncertainties. The freshly ratified budget signifies a significant milestone, offering stability as the nation steps into the year ahead. This budget, crafted for the first time…
Passenger rail service between Tartu and Riga could begin in the second half of the year, promise executives at Estonian passenger rail operator Elron. Meanwhile, Latvia’s offer, which could get the Estonian-Latvian rail link up and running faster and for less, still remains on the table. Located on the Estonian side of the border, Valga…
Taxpayers continue to support Ukraine in difficult times of war by paying their taxes in good faith. Thanks to their responsible social attitude and patriotism, the budget consistently receives much-needed funds for the Armed Forces of Ukraine and social payments to the citizens. According to the latest data, in 2023 the consolidated budget revenues (balance)…
The Ministry of Strategic Industries is working to find additional funding for contracting domestic production, the capacity of which already almost doubles the funding for the this year. Minister of Strategic Industries of Ukraine Oleksandr Kamyshin said this during a briefing on “Results of the Ministry of Strategic Industry and Ukroboronprom for 2023”. “As of…
Public lighting systems were modernized in 52 localities throughout the country. The investments were made within the European Express Village Program. An example in this sense is the rehabilitation of the public lighting system in the village of Cozesti, Sangerei district. With an investment of 350 thousand lei (17.5 thousand euros) from the National Fund…
Bulgaria’s Gross External Debt stood at approximately EUR 42,410 million as of the end of October 2023, marking a 3.7% decrease from the same period in 2022, according to data released by the Bulgarian National Bank (BNB). Short-term liabilities, constituting about 16.9% of the gross debt and 7.5% of GDP, saw a notable decline of…
More than half of Polish companies are concerned about rising inflation in 2024, according to data from the Monthly Business Climate Index compiled by analysts of the Polish Economic Institute (PIE). Pessimistic energy price forecasts persist among businesses in Poland. According to data from the December 2023 edition of the Monthly Business Climate Index compiled…