Bulgaria is interested in increasing gas supplies from Azerbaijan to the EU, a source at the Bulgarian Ministry of Energy reports. “Azerbaijan is a strategic economic partner of Bulgaria and an important source for diversification of natural gas supplies to our country. With the commercial operation of the Greece-Bulgaria Interconnector (IGB) as of October 1,…
The National Bank is making gradual, cautious progress in the discussion on the use of immobilized Russian assets, Andrii Pyshnyi, the head of the National Bank, has said on his Facebook page. “We summarized the previous month at a meeting with representatives of the largest 30 banks. First of all, there were significant shifts in…
Consumers may have noticed a slight uptick in fuel prices over the past month, with gasoline and diesel seeing modest increases in Bulgaria. According to data from the “Fuelo” platform, gasoline prices rose by 3 cents per liter (+1.14%), while diesel saw a slightly larger increase of 6 cents per liter (+2.21%). However, despite these…
The Government has approved a procedure for the use of funds for partial compensation to farmers who buy Ukrainian agricultural machinery. This was announced by Prime Minister Denys Shmyhal during a Government session. “Our priority is to support Ukrainian producers in all areas. This year, we allocate UAH 1 billion for a programme of partial…
President Maia Sandu has discussed Moldova’s future in EU, the economic cooperation and concrete initiatives for strengthening the country’s security during her working visit to France. Following the discussion with President Emmanuel Macron, the head of state said: “France and President Macron personally are among the closest supporters of Moldova”. The two heads of state…
The National Statistical Institute (NSI) released preliminary data revealing that Bulgaria’s gross domestic product (GDP) experienced a modest growth of 1.8% in real terms in 2023. This expansion marks a slowdown compared to the 3.9% growth recorded in the previous year, according to aggregated quarterly data. In 2023, Bulgaria’s GDP reached a nominal value of…
Inflation in Estonia seems to be running higher than is the case in Latvia and Lithuania, SEB Pank analyst Mihkel Nestor says. Inflation in Estonia ran at 4.2% YoY in February, a significant rise, though between January and February, perhaps a more useful comparison than the year-on-year, derivative-of-a-derivative figure, there was little change. Nestor pointed…