348 million leva (178 million euros) were received by the budget of the Bulgarian Ministry of Defense at the end of January as part of the agreement on compensation for aid provided to Ukraine. This was announced at a briefing in the Council of Ministers by Finance Minister Temenuzhka Petkova. “These funds contribute to the…
Financier Plamen Danailov, a municipal councilor from the “There Is Such a People” party, has recently discussed Bulgaria’s potential adoption of the euro, emphasizing that although the goal is achievable, the process will be stressful. Speaking to Bulgarian National Radio, Danailov suggested that Bulgaria’s political decision to seek membership in the eurozone was already in…
The Ministry of Finance has unveiled the draft state budget for 2025, revealing a planned deficit of 6.4 billion leva, representing 3% of the country’s GDP on a cash basis. This figure is aligned with the goal of keeping annual expenses under 40% of GDP, which will be maintained through the 2025-2028 period. The draft…
The largest 50 Ukrainian IT companies lost 858 specialists in the six months to January, which was the lowest outflow rate since the beginning of the full-scale invasion. This is stated in the DOU study. “The total number of specialists in the 50 largest IT companies in Ukraine as of January was 79.6 thousand. In…
Ukraine and the United Arab Emirates have signed a comprehensive economic partnership agreement, which provides for the import of 99% of goods and products from Ukraine without paying customs duties. President Volodymyr Zelensky announced this during an online press conference with Ukrainian journalists in Abu Dhabi. “An important document has been signed today by the…
In January, Ukraine’s gross domestic product grew by 1.5% compared to 1.7% in December 2024, the Ministry of Economy reported. “The growth drivers remain the construction industry, manufacturing, and domestic trade,” said Deputy Minister of Economy Oleksii Sobolev. He noted that the slowdown in economic growth in January was due to a decline in exporters’…
Domestic sewing companies in Bulgaria are struggling to survive, as the influx of low-cost Chinese garments floods the market, undercutting local production. The industry, already under pressure, has seen many businesses shut down and workers laid off. While some regions, such as Ruse, are faring slightly better, production declines remain evident across the country. One…