According to the Bulgarian National Bank (BNB), the expansion of mortgage loans continues, as banks in Bulgaria report an increase in housing credit. As of the end of August, outstanding housing loans reached 23.2 billion leva, reflecting an annual growth of 25.5%. This marks an increase from July, when mortgage loans rose by 25.1%. Since…
Slovakia is facing significant changes in energy prices next year, with gas prices expected to rise sharply due to both market conditions and an increase in VAT, while electricity prices could see a slight decrease thanks to a VAT reduction. These shifts are part of the government’s broader efforts to balance public finances, including a…
Bulgaria ranks 35th in the 2023 list of the wealthiest countries, with net financial assets per capita amounting to 16,410 euros. The Global Wealth Report, released by Allianz, highlights a notable increase in global financial assets of private households, which has risen by 7.6%, offsetting a previous decline of 3.5%. The total financial assets worldwide…
More than two thousand jobs will be created in Kalush (Ivano-Frankivsk region) as a result of the establishment of a new industrial park in the city. The decision to include Kalush Production Park in the Register of Industrial Parks was made by the Cabinet of Ministers of Ukraine at a meeting on September 24. “The…
Ukrainian entrepreneurs have received under the Affordable Loans at 5-7-9% programme 16,927 loans totalling UAH 63.4 billion since the beginning of the year. In particular, last week, businesses received 271 loans worth UAH 1.2 billion under the programme. In total, since the start of the programme (since February 2020), banks have issued 95,900 loans worth…
Guarantees are required to address the issue of unfair imports of Ukrainian eggs within the framework of the EU’s free trade agreement. This statement was made by Zsolt Feldman, Hungary’s State Minister of Agriculture and Rural Development, in response to Bulgaria’s request to halt egg imports from Ukraine until the single market is regulated. The…
During his visit to New York, Bulgaria’s Acting Minister of Foreign Affairs Ivan Kondov participated in the G7+ meeting of foreign ministers focused on supporting Ukraine’s energy sector, as announced by the Ministry of Foreign Affairs’ press center. The meeting was co-hosted by US Secretary of State Antony Blinken and Italy’s Minister of Foreign Affairs…