The Bulgarian Parliament has approved the regulations for replacing the lev with the euro, even though Bulgaria has not yet met the criteria for joining the Eurozone. The process for the currency transition is now outlined, despite the country’s current political challenges. Preslav Kitipov, chairman of the Association “Institute of Certified Financial Consultants”, and financial…
The Ukrainian gas transmission system successfully passed independent stress tests in 2023 and 2024, where a transit halt was simulated. This was reported by the press service of Gast TSO of Ukraine, the national GTS operator. “During the two independent international stress tests run in 2023 and 2024, various scenarios of GTS operation were simulated,…
Fifty-nine Ukrainian tech companies will receive grants worth EUR 2 million from Seeds of Bravery, the press service of the Ukrainian Ministry of Digital Transformation has announced this on Telegram. As noted, 59 Ukrainian tech companies have attracted funds from the European Innovation Council’s Seeds of Bravery grant program to scale innovations. Startups in the…
Burgas is increasingly being recognized as a top city to live in Bulgaria, according to Alexander Bochev, chairman of the Board of Directors of the National Real Estate Association (NREA). Sofia, Varna and Plovdiv in real estate activity, showing nearly a 40% growth in transactions and a rising trend in the purchase of second vacation…
“Bulgaria Air” continues its operations between Sofia and Tel Aviv amidst the heightened tensions in the Middle East, ensuring safe travel for its passengers as part of its mission as a national carrier. The airline’s press center announced that flights would continue with adjusted schedules from August 9 to 13, following official recommendations from Israeli…
Oleksandr Kamyshin, Ukraine’s Minister of Strategic Industries, has reported that Ukroboronprom, the state-run defence concern and strategic manufacturer of weapons and military hardware in Ukraine, has entered the top 50 global defence companies in Defense News ranking for the first time. “The ranking is compiled annually by Defense News. Last year, Ukroboronprom was ranked 65th,…
Ukraine must build more than 12 gigawatts of capacity in the coming years in order to have an energy system resistant to possible attacks, with EUR 12-13 billion needed for this. Ukrenergo CEO Volodymyr Kudrytskyi said this during the conference entitled “Decentralized generation: new opportunities for business and communities”. The official said the emphasis should…