Primorsko and Kiten, two popular summer destinations on the Bulgarian Black Sea coast, are experiencing a busy tourist season. Zdravko Vasilev, a local resident who had captured photos of the crowded beaches, reported that tourist interest in these resorts remained high despite challenges facing local businesses. During an appearance on Nova TV, Vasilev commented that…
For the second year in a row, the Czech Republic has allocated more than $21 million for humanitarian support, development and economic assistance to Ukraine, the Prime Minister Petr Fiala has announced. This year, according to Fiala, the Czech Republic will allocate 500 million crowns (over $21 million) in humanitarian support, support for development programmes…
Bulgarian restaurateurs and hoteliers are forecasting widespread bankruptcies due to soaring electricity costs. The industry is calling for urgent intervention to prevent potential price hikes for goods and services. Atanas Dimitrov, vice-president of the Bulgarian Hotel and Restaurant Association (BHRA), highlighted a troubling trend of sharp increases in electricity prices during the summer season over…
Minister of Finance of Ukraine Sergii Marchenko met with Ambassador Extraordinary and Plenipotentiary of Japan to Ukraine Matsuda Kuninori and Senior Vice President of the Japan International Cooperation Agency (JICA) Shohei Hara. The meeting was also attended by Deputy Ministers of Finance of Ukraine Olga Zykova and Alexander Kava and Government Commissioner for Public Debt…
Organizers of the Webit conference have expressed serious concerns about a potential international scandal due to the Bulgarian government’s inaction, despite the country being designated as a partner for this year’s event. In a letter addressed to the Acting Prime Minister Dimitar Glavchev, Plamen Rusev, the executive chairman of the Webit Foundation, highlighted the problem.…
Unemployment in Poland has fallen below 5% for the first time since 1990, when the country was beginning its post-communist transition. New data from state statistical agency GUS showed that the unemployment rate fell to 4.9% in June, down from 5% in May. The reading was in line with analysts’ expectations. The last time GUS…
The current state of the economy and macroeconomic forecasts for the coming years, labour market issues, as well as components of the “Made in Ukraine” economic policy were discussed during a meeting between the leadership of the Ministry of Economy and representatives of the IMF mission to Ukraine. The meeting was attended by First Deputy…