Bulgaria: businesses demand compensation amid surging electricity prices

Energy-intensive industries in Bulgaria are facing a severe threat of curtailed operations or potential closures due to the soaring electricity prices. Dobri Mitrev, the head of the Bulgarian Industrial Association (BIA), highlighted this pressing issue, revealing that the budget for 2024 lacked provisions for energy compensations across various sectors. Mitrev conveyed the BIA’s communication with…

Ukraine: industrial parks to help change economy structure from raw materials to processing

Ukrainian business is the major driver of recovery and growth, so supporting entrepreneurs is one of the Government’s key priorities. This was emphasised by Prime Minister Denys Shmyhal. “During the full-scale war, businesses have received 40,800 soft loans under the 5-7-9 programme worth UAH 159.8 billion. More than half of the recipients are agrarians, almost…

Ukraine: in Chernihiv region number of entrepreneurs exceeds pre-war level

Since year-start, 5,960 businesses have been registered in Chernihiv region, of which 388 are entities and 5,572 are individual entrepreneurs, which is the highest figure in the last three years, Svitlana Poltoratska, Deputy Director of Economic Development at the Chernihiv Regional State Administration, has revealed. “This phenomenon can be explained by the simplification of taxation…

Poland: economy to expand in 2024

Poland’s economic growth in 2024 will surprise to the upside and may significantly exceed 3%, the head of the Polish development fund PFR Pawel Borys has said. “I believe that Poland’s economic growth in 2024 will surprise positively and could be significantly above 3%,” Borys wrote on the X platform. “A soft landing scenario is…

Moldova: new director appointed at Investment Agency

Investment Agency has a new director. The position will be filled by Natalia Bejan. Deputy Prime Minister, Minister of Economic Development and Digitalization Dumitru Alaiba made the statement on November 14. “Natalia Bejan has international experience, having worked in the private sector in the Czech Republic and in China for many years. But most importantly…