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…
Bulgaria could adopt the euro as its official currency from January 1, 2026, if it successfully met the necessary criteria for joining the eurozone. Citing their sources, Bulgarian media “Club Z” reported that there were no obstacles preventing this transition, provided all conditions are fulfilled. A decision on Bulgaria’s accession will be made by the…
On February 13, bilateral meetings between the representatives of Ukraine and the European Commission started in Brussels, Belgium, within the framework of the official screening of the compliance of Ukrainian legislation with EU law under Chapter 9, Financial Services, which was part of Cluster 2, Internal Market. Bilateral meetings within the framework of the screening…
The municipal councils in Kozloduy and Krivodol have become the first in Bulgaria to implement dual pricing for municipal services, taxes and fees. Following the Euro Adoption Act, which took effect in August 2024, the two municipalities had updated 15 ordinances to reflect prices in both leva and euro. However, the euro-based prices will only…
According to a recent survey by the European Investment Bank Group (EIB), nearly 80% of Bulgarian companies have taken steps to reduce their greenhouse gas emissions. The survey, which is part of the EIB Group’s annual investment report, shows a significant increase in climate change-related investments, with the number of companies addressing the issue more…
The State Employment Service announces new winners of the Government’s Vlasna Sprava (Own Business) programme, who have applied for grants in the period from January 6 to January 19. The project is implemented by the Ministry of Economy and the State Employment Service. According to the results of the first wave of the programme in…