In a recent interview with Bulgarian National Radio, financial analyst Svetozar Gledachev warned that without Bulgaria’s entry into the eurozone, politicians might be tempted to push for a change regarding the currency board. Gledachev described the situation as similar to a roller coaster ride, where financial irresponsibility led to increasing wages and borrowing, ultimately resulting…
Estonian biomaterials producer Fibenol will build a modern EUR 700-million biorefinery in Latvia and promises to create 100 new jobs. Fibenol plans to build the plant on a 26-hectare site in Valmiera municipality, approximately an hour from the Estonian border. The company said it would be the most modern facility in the world in its…
On March 17, the Deposit Guarantee Fund will hold a re-auction for the sale of loans of JSC “Ukrbudinvestbank” with a hotel complex in Transcarpathia as collateral. “On March 17, an auction for the sale of assets of JSC “Ukrbudinvestbank”, which is being liquidated by the Deposit Guarantee Fund, will be held in the Prozorro.Sales…
The Ministry of Finance of Ukraine, in conjunction with the National Bank of Ukraine, conducted its first switch auction on February 19, using a new feature of the Bloomberg Auction System (BAS). This new feature allows for more efficient debt and liquidity management and marks a significant milestone in the development of Ukraine’s government bond…
Further financing and expansion of the World Bank’s Resilient, Inclusive and Sustainable Enterprise (RISE) programme, technical support for the preparation of investment and industrial strategies, implementation of the joint IEUR CAN project, involvement of the WB in the development and support of mortgage programmes in Ukraine and other issues were discussed at a meeting between…
European integration, economic and defence cooperation, as well as reconstruction were the main areas of focus during a joint meeting of the Government of Ukraine and the European Commission on February 24. This was announced by Prime Minister Denys Shmyhal. The Head of Government stressed that Ukraine expected to speed up all procedures for joining…
Bulgaria has officially requested the preparation of extraordinary convergence reports to assess the country’s readiness for joining the eurozone. This move comes after a decision made by the National Assembly in July 2024, aiming to accelerate the process of adopting the euro. The request was signed by the governor of the Bulgarian National Bank (BNB)…