The Ministry of Tourism is set to request an increased budget for national tourism advertising in 2025. Although specific figures have not been disclosed, Deputy Minister Irena Georgieva indicates that the department is not seeking a doubling of the budget. She cited the “delicacy of the situation” due to upcoming elections as a reason for…
The participants of the Own Business programme have already created 38,000 new jobs. And this figure is constantly growing. This was emphasised by the Prime Minister Denys Shmyhal during an event dedicated to the second anniversary of the Own Business grant programme. The Head of the Government noted that two years ago, Ukrainian businesses were…
Over the past week, entrepreneurs received 394 soft loans totalling UAH 1.1 billion from authorised banks under the state programme “Affordable Loans at 5-7-9%”, including 311 loans from public sector banks worth over UAH 0.5 billion. Since the beginning of 2024, entrepreneurs have received 16,175 loans worth UAH 60.2 billion under the programme, including 12,298…
Bulgaria is emerging as a top destination for starting a new business, praised for its favorable conditions. According to the World Bank’s Ease of Doing Business index, Bulgaria stands out due to its low corporate tax rate of 10% and minimal administrative fees, making it an attractive option for entrepreneurs. The country offers a streamlined…
As of September 8, the Pension Fund has allocated UAH 19.6 billion for pension payments, including UAH 3.5 billion through Ukrposhta and UAH 16.1 billion through authorised banks. Moreover, UAH 1418.2 million was allocated for housing subsidies and benefits and UAH 1,509.1 million for insurance payments, including UAH 341.9 million for sick leave. In September,…
As part of the visit by the Prime Minister of Ireland Simon Harris to Ukraine, the Energy Deputy Minister Mykola Kolisnyk discussed with the Irish government delegation the need to expand assistance to Ukrainian power engineers. The relevant statement was made by the Energy Ministry. “During the meeting, Simon Harris noted that the Irish Government…
In the second quarter of 2024, Bulgaria’s gross domestic product (GDP) grew by 2.1% YoY, according to preliminary data from the National Statistics Institute. A flash estimate from August 14 predicted a 2% growth. Both assessment methods indicate that quarterly growth stands at 0.5%. The value of GDP per person amounts to 7,399 leva, or…