Bulgarian businesses are facing significant financial losses due to delayed membership in the eurozone and Schengen area, missing out on billions in export potential. An analysis by Allianz Trade, a global leader in trade credit insurance, reveals that Bulgaria’s exports could grow by 5.8% annually upon eurozone entry. Trade in goods is expected to rise…
UAH 129 million was compensated by the state to employers for the arrangement of workplaces for almost 2,000 employed people with disabilities in 2024. This was announced by Yuliia Svyrydenko, First Deputy Prime Minister and Minister of Economy of Ukraine. “This programme helps businesses create comfortable and inclusive workplaces for people with disabilities. In 2024,…
During 2024 Ukraine’s trade turnover reached $112.3 billion. The relevant statement was made by the Ukrainian State Customs Service. “In 2024 Ukraine imported $70.7 billion worth of goods and exported $41.6 billion worth of goods. Overall, the trade turnover increased by 13% compared to $99.4 billion in 2023,” the report states. The taxable imports came…
KazMunayGas, the state-owned oil company of Kazakhstan, is reportedly taking part in a tender to acquire the Bulgaria-based refinery of the Russian oil giant Lukoil, known as Lukoil Neftokhim Burgas. According to Bloomberg and 24 Chasa, which cite two sources familiar with the negotiations, KazMunayGas has submitted an offer in the ongoing sale process. If…
Deputy Energy Minister of Ukraine Roman Andarak met with Foreign Minister of Iceland Thorgerdur Katrin Gunnarsdottir. They visited one of Ukraine’s energy facilities, which had been severely damaged by targeted russian attacks. Roman Andarak briefed the Icelandic delegation on the current situation in the Ukrainian energy system and the consequences of the recent hostile attacks…
This year, supporting and developing the economy remains one of the primary objectives of the Government. This was emphasised by Prime Minister Denys Shmyhal during a session of the Cabinet of Ministers on January 7. “We keep implementing successful programmes that help businesses and contribute to the economic recovery of the country. More than 23,000…
Bulgaria is currently meeting the Maastricht criteria required for eurozone membership, with its macroeconomic indicators showing a stable path toward adopting the euro until 2024. According to data from Eurostat, inflation in Bulgaria has remained consistently below 3% for several consecutive months, fulfilling one of the key conditions for joining the single currency. From June…