A new industrial park in Valmiera, Latvia, is set to create hundreds of jobs both there and in Estonia, and attract export-focused investors, “Aktuaalne kaamera” reports. This, it is argued, will benefit the economies of both countries, and key players such as Estonian biotech firm Fibenol are driving its development, with the major work underway…
At the end of the third quarter, Bulgaria’s treasury faced a deficit exceeding 2.8 billion leva, according to data on the implementation of the fiscal program, as approved by the Cabinet of Ministers. The Ministry of Finance predicts that this shortfall will rise to 4 billion leva in October, with an expected deficit for the…
Stanislav Popdonchev, Deputy Chairman and Financial Director of the Bulgarian Chamber of Commerce, expressed concerns over Bulgaria’s economic direction, particularly regarding the goals of joining the Eurozone and Schengen. In a recent interview with BNR, he highlighted that these goals were crucial for economic growth but were currently sidelined due to the lack of a…
The school meals reform has a significant economic impact, opening up new opportunities for educational institutions to purchase Ukrainian products and stimulating the development of producers. With the help of Prozorro Market, public procuring entities managed to purchase products worth over UAH 5.5 billion for schools, hospitals and other government agencies, saving over UAH 1…
First Deputy Prime Minister and Minister of Economy of Ukraine Yuliia Svyrydenko met with the International Monetary Fund (IMF) mission, which started its work in Kyiv for the sixth review of the Extended Fund Facility (EFF) programme. The participants of the meeting discussed the implementation of the indicators of the Ukraine Plan under the Ukraine…
Inflation is expected to rise moderately at the beginning of 2025, according to the Bulgarian National Bank (BNB), despite a significant slowdown throughout 2024. September’s inflation rate reached a low of 1.2% YoY, marking the slowest pace in the last four years. The BNB’s latest “Economic Review” report anticipates this deceleration to continue until year-end,…
As the start of the ski season in Bansko approaches, hoteliers and restaurant owners in the resort are grappling with a shortage of staff. In response, many have turned to hiring workers from third countries to ensure there is enough personnel to serve tourists. The influx of foreign workers, including maids from India, valets from…