On December 29, the MPs adopted, in the second reading, the draft law of the state budget for the 2026 year, a document that outlined revenue increases, salary raises, enhanced investments and a budget deficit of 20.9 billion lei. According to the voted document, state budget revenues are estimated at over 79.67 billion lei in…
Bulgaria has recorded the largest drop in industrial production within the European Union for the fifth month in a row, according to preliminary data from Eurostat. In October, the country’s industrial output fell by 7.6% compared to the same month in 2024, a sharper decline than the 5.7% contraction reported in September. In contrast, industrial…
The Ministry of Finance of Latvia (MoF) is proposing that, from January 2027, the functions of registering, licensing, and supervising non-bank lenders be transferred to the Bank of Latvia, according to information published on the Legal Acts Drafting Portal. The MoF has prepared an informational report on the designation of a single licensing and supervisory…
The Cabinet of Ministers of Ukraine has decided to include two new industrial parks – Fursy (Kyiv region) and Misto Diy (Lviv region) – in the Registry of Industrial (Manufacturing) Parks. The implementation of these projects will create a total of over 1,000 new jobs in the manufacturing sector. The Fursy industrial park is located…
As of the end of December, more than 29,000 generators and 570 MW of distributed gas generation have been installed at municipal enterprises across Ukraine, Deputy Minister for Communities and Territories Development Kostiantyn Kovalchuk has said. “Yes, as of today, more than 29,000 generators have been installed at municipal enterprises in Ukraine, along with about…
American investment company Stonpeak has entered into an agreement with Baltic telecom operator Bite Group to acquire TeleTower’s operations in Lithuania and Latvia. This was announced in a Stonpeak press release. The deal aims to create an independent tower management company as part of a strategic partnership to increase investment in the Baltic mobile network…
Luminor Bank’s Chief Economist Lenno Uuskula said Estonia’s declining birth rates would bring economic problems in the future, for example, in healthcare and paying pensions. In November, 721 children were born in Estonia. In total, 8,442 children were born in the first 11 months of this year. Uuskula said that while discussion about economic cycles…