A recent survey within Bulgaria’s financial sector reveals a growing concern among businesses regarding employment levels, with many expecting a decline in new hires. The survey, which includes representatives from commercial banks, investment intermediaries, pension insurance companies, and management firms, highlights a shift in sentiment compared to previous reports. While 53% of financial intermediaries expect…
Sweden’s largest forest owners association and forest industry group “Sodra” plans to sell forest properties and related businesses in the Baltic States, according to an announcement on the company’s website. The statement mentions that “Sodra” is looking for those interested to move forward with the sale process. “Sodra Skog” business manager Peter Karlsson notes that…
Ukraine has opened a new customs terminal in Kryve Ozero, Mykolaiv region, Vitaliy Kim, the head of the Mykolaiv Regional Military Administration, has announced on Telegram. “I was invited to the opening of a new customs terminal in Kryve Ozero. This is the Mykolaiv region. Not a war zone, on the Odesa-Kyiv highway. The terminal…
The Ministry of Finance financed social payments for 2024 in full and on time. Thus, last year UAH 447.9 billion was allocated from the state budget for social payments provided by the Ministry of Social Policy. In particular: – UAH 274.7 billion was allocated to finance the payment of pensions, allowances and increases to pensions…
Petar Ganev, a senior researcher at the Institute for Market Economics, stated that it was highly likely Bulgarians would begin making payments in euros starting from January 1 next year, despite the political turmoil in the country. He emphasized that the economy was expected to meet the necessary criteria within a few days, predicting that…
Bulgarian businesses are facing significant financial losses due to delayed membership in the eurozone and Schengen area, missing out on billions in export potential. An analysis by Allianz Trade, a global leader in trade credit insurance, reveals that Bulgaria’s exports could grow by 5.8% annually upon eurozone entry. Trade in goods is expected to rise…
UAH 129 million was compensated by the state to employers for the arrangement of workplaces for almost 2,000 employed people with disabilities in 2024. This was announced by Yuliia Svyrydenko, First Deputy Prime Minister and Minister of Economy of Ukraine. “This programme helps businesses create comfortable and inclusive workplaces for people with disabilities. In 2024,…