New Minister of Finance Petru Rotaru was introduced on October 2 to the ministry’s team, in the presence of Prime Minister Dorin Recean and former head of the institution Veronica Sireteanu, the government’s communication and protocol department reported. “I have every confidence we will ensure continuity at the Ministry of Finance, which is like the…
A stronger than expected decline in inflation, including core inflation, supports the likely scenario that the Monetary Policy Council (MPC) during its meeting in October will cut interest rates, say economists. Prices of consumer goods and services (Consumer Price Index, CPI) increased by 8.2% YoY, but fell by 0.4% MoM in September, the Central Statistical…
On September 27, Minister of Finance of Ukraine Sergii Marchenko met with President of the European Bank for Reconstruction and Development (EBRD) Odile Renaud-Basso. The meeting was attended by Deputy Minister of Finance of Ukraine Olga Zykova and EBRD Managing Director for Eastern Europe and the Caucasus Matteo Patrone. The parties discussed the current economic…
Prime Minister Nikolai Denkov confirmed that he spoke with GERB leader Boyko Borissov regarding the request for amendments to the territorial plans for the coal plants. The coalition GERB – SDS declared for the preservation of the plants and signaled potential violations. Denkov recalled that Bulgaria could lose nearly 1.4 billion leva if the plans…
China has become the third trade partner of the Republic of Moldova, after Romania and Ukraine, Ambassador Extraordinary and Plenipotentiary of the People’s Republic of China to the Republic of Moldova Yan Wenbin has said. According to the official, the trade between China and Moldova started practically from scratch, and now it had developed on…
American companies rank fourth among direct foreign investors in Bulgaria, Olivier Marquette, president of the American Chamber of Commerce (ACC) in Bulgaria, has said during a business breakfast organized by the Chamber with the participation of Prime Minister Academician Nikolai Denkov, government ministers and ACC members. The topic of the meeting is the 120th anniversary…
The National Bank of Poland (NBP) will keep its medium-term target range of inflation at 2.5% plus or minus 1% in 2024 and does not rule out interventions on the FX market, NBP has said in the monetary policy guidelines for 2024. In 2024, NBP will keep the same set of monetary policy measures as…