Bulgaria: European prosecutor’s review halts expansion of Chiren gas storage

The Bulgarian Minister of Energy has announced a temporary suspension of the order for the expansion of the Chiren underground gas storage facility. This decision will remain in effect until the European Prosecutor’s Office completes its inspection of Bulgartransgaz. The minister noted that the ongoing investigation involved an auditor from Bulgartransgaz itself. According to Bulgartransgaz,…

Bulgaria: Sofia trails in new construction

In Bulgaria, newly constructed homes are predominantly two-room units, averaging 85 square meters in size and built mainly from reinforced concrete. The highest construction activity is currently seen in Plovdiv and Burgas. Last year, nearly 5,500 new homes were built in Bulgaria, marking a slight increase from the previous year and surpassing the fewer than…

Bulgaria: European prosecutors raid Bulgartransgaz

On August 13, the European Prosecutor’s Office gained access to the gas operator Bulgartransgaz with the assistance of local police. The European Commission has declined to comment on the ongoing investigation, and the exact number of participants remains undisclosed. The Ministry of Internal Affairs revealed that the investigation was related to the Turkish gas company…

Ukraine: entrepreneurs receive 412 loans worth UAH 1.8 billion under “Affordable Loans at 5-7-9%” program

Last week, entrepreneurs received 412 soft loans totalling UAH 1.8 billion from authorised banks under the state programme “Affordable Loans at 5-7-9%”, including 330 loans from public sector banks for about UAH 1.2 billion. Since the beginning of 2024, entrepreneurs have received 14,645 loans worth UAH 55.2 billion under the Programme, including 11,101 loans worth…