Valeri Belchev, former acting Minister of Finance, has recently expressed strong concerns about Bulgaria’s financial management, particularly focusing on the lack of proper budget management tools. In an interview with Bulgarian National Radio, Belchev criticized the absence of budget management software in key governmental institutions, including the Ministry of Finance. He called it absurd that…
Financial expert Kamen Kolchev has advised against investing in real estate, warning that property prices in Bulgaria could drop by up to 20% upon the country’s entry into the eurozone, whenever that may happen. He pointed out that while Bulgarians had a strong preference for buying property, the limited development of financial instruments in the…
Social Minister Borislav Gutsanov has recently responded to an inquiry from MP Martin Dimitrov regarding the number of highly skilled workers who have been granted permission to work in Bulgaria under the “Blue Card” system. Dimitrov noted that the process for obtaining residence and access to the labor market in Bulgaria had been significantly simplified…
A recent survey conducted by the “Myara” sociological agency reveals significant skepticism among Bulgarians regarding the adoption of the euro. The telephone poll, conducted between January 29 and 31 among 800 adult citizens, shows that 57.1% of respondents are firmly opposed to Bulgaria joining the eurozone. In contrast, 39% support the transition to the single…
On January 31, First Deputy Minister of Economy Oleksii Sobolev chaired the first meeting of the Project Preparation Unit for Public Investment Projects (PPU). The working group will serve as an advisory body to the Cabinet of Ministers of Ukraine. It will act as the interface between the Public Investment Management (PIM) system and the…
The National Bank of Ukraine (NBU) expects a gradual decline in external financial support over the forecast horizon as the economy stabilizes. This is said in the NBU’s January 2025 Inflation Report. “Significant amounts of external financial assistance from international partners are expected to remain with a gradual decline over the forecast horizon as the…
Estonian retail trade enterprises’ turnover totaled EUR 10.4 billion in 2024 – falling by 3% YoY, according to preliminary data from Statistics Estonia. The biggest decline of 4% was registered in the turnover volume of stores selling manufactured goods, Statistics Estonia analyst Johanna Linda Pihlak said according to a press release. In supermarkets, the volume…