Bulgaria’s Minister of Finance, Asen Vassilev, provided reassurance that the forthcoming abolition of the derogation for Russian oil, scheduled for March 1, 2024, would not disrupt the Bulgarian market or prompt price hikes. Speaking to journalists in Blagoevgrad, Vassilev addressed the recent agreement between political parties – GERB-SDS, We Continue the Change – Democratic Bulgaria…
The draft law on additional taxation of banks, the proceeds of which will go to the army, may be adopted by the Verkhovna Rada in the second reading this week. This was stated by Olena Korobkova, Chairman of the Board of the League of Banks of Ukraine, at a press conference on “Financial Stability of…
On November 16, at a meeting of the Coordination Council for Bulgaria’s preparation for Eurozone membership, the artistic projects for the design of the Bulgarian national side of the euro coins of all denominations, approved by the Management Board of the Bulgarian National Bank, were adopted: 1 euro cent, 2, 5, 10, 20 and 50…
Poland’s core inflation, which excluded the prices of food and energy, measured 8% YoY in October and was down from September’s 8.4%, the National Bank of Poland (NBP) said. Inflation excluding fixed prices amounted to 5.1% in October, down from the level of 6.8% in the previous month. Inflation excluding the most volatile items measured…
Since the start of the full-scale war, the European Union has provided more than 1,000 grants for the development of small and medium-sized enterprises (SMEs) in Ukraine. Stanislav Toshkov, Coordinator of the Sector of Economic Cooperation and Cooperation with International Financial Institutions at the EU Delegation to Ukraine, said this at a briefing in Zhytomyr…
The United States Agency for International Development (USAID) will support small and medium-sized businesses, expand grant programmes for entrepreneurs, including those in the de-occupied territories and continue export promotion programmes. The agency may also help Ukraine attract major U.S. banks for investment projects. This was discussed during a meeting between Yuliia Svyrydenko, First Deputy Prime…
The European Commission’s latest autumn economic forecast reveals Bulgaria’s anticipated economic slowdown in 2023 and 2024, followed by a predicted rebound in 2025. Projections indicate a decrease in imports and exports alongside steady household consumption levels, set to rise gradually in the coming months of 2024. In its forecast, the EC suggests a weakening of…