Bulgaria’s position in the annual innovation index released by the European Commission places it between Montenegro and North Macedonia. The country ranks after Turkey and Montenegro but ahead of North Macedonia and Albania, remaining in the “emerging innovators” category with a score of 46% of the EU average for 2024. This score is below both…
Minister of Energy German Galushchenko held a meeting with the delegation from the European Bank for Reconstruction and Development, headed by Managing Director for Ukraine and Moldova Arvid Turkner. This was reported by the ministry’s press service. “The parties discussed the instruments and specifics of providing financial assistance to Ukraine for the purchase of energy…
Minister of Finance of Ukraine Sergii Marchenko held his first online meeting with the newly appointed Chancellor of the Exchequer Rachel Reeves. The parties discussed key issues of cooperation between the two countries as well as Ukraine’s further budget. Sergii Marchenko expressed gratitude to the UK’s Government for its strong support during the period of…
In May, Bulgaria’s industrial production saw a decline, with the index dropping by 3.3% compared to the previous month and by 6.3% compared to the same period last year, marking the 17th consecutive month of annual contraction, according to the national statistics office. The mining industry experienced the steepest decline, shrinking by 10.2%, followed by…
Poland, France, Germany and Italy signed a letter of intent to jointly develop long-range cruise missiles on the sidelines of the NATO summit in Washington, D.C. “The aim is to establish cooperation in the development of our key deep strike capability,” said Poland’s Defence Ministry. This will lead to “joint projects regarding specific solutions that…
Bulgaria and Turkey stand out with the lowest average annual net incomes in Europe, amounting to 9,355 euros and 8,968 euros respectively, according to data from Eurostat. This stark contrast underscores the significant wage disparities across the continent, influencing employment dynamics and economic decisions. Northern and Western European nations typically boast the highest average net…
In June, Ukraine’s GDP grew by 1.1% compared to June last year. As a result, in the first half of the year, GDP growth was estimated at 4.1% compared to the same period last year. These data were released by the Ministry of Economy. The main factor behind the slowdown in economic growth was the…