Bulgaria: economy up in 2022

Bulgaria’s economy grew by 3.9% in 2022, according to updated data from the National Statistical Institute, exceeding preliminary data for a 3.4% growth. The upward revision is a result of a better than preliminary data performance of the services sector, but with a weaker performance of the industrial sector. Final consumption is again the main…

Moldova: EBRD to provide EUR 23-million loan

The European Bank for Reconstruction and Development (EBRD) will provide financial support for the modernization of the railway infrastructure in the Republic of Moldova. Members of the Economy, Budget and Finance Parliamentary Committee on October 18 approved the report for the draft law that provides for the ratification of a loan agreement. The EBRD will…

Bulgaria: Lukoil selling oil refinery in Burgas

“Lukoil” has started a procedure for the sale of the oil refinery in Burgas, Finance Minister Asen Vassilev has said in an interview with the British newspaper “Financial Times”. According to him, Lukoil’s decision to part with its largest refinery in Southeast Europe is due to government pressure on Russian companies. “There is probably an…