The shortage of qualified professionals entering the Bulgarian labor market has consistently ranked among the top three challenges for businesses over the past five years, and in recent years, it has climbed to the top two, following economic uncertainty. This was stated by Vasil Velev, Chairman of the Board of the Association of Industrial Capital…
The Organization for Economic Co-operation and Development (OECD) has projected that Bulgaria will join the eurozone in 2026. The organization expects the country’s economic growth to rise from 2.3% in 2024 to 2.8% in 2025, before moderating to 2.6% in 2026. These figures reflect a downward revision from earlier forecasts made in May, when the…
The Ministry of Foreign Affairs of Ukraine and the Canada-Ukraine Chamber of Commerce have signed a Memorandum of Understanding to assist Ukrainian exporters. The signing ceremony took place during the Conference on the Reconstruction of Ukraine, which was held in Toronto. The document was signed by the Ambassador of Ukraine to Canada Yuliya Kovaliv and…
Bulgarians allocate a significant portion of their savings to deposits, with 73% of their assets held in this form. In contrast, citizens across the European Union invest 36% of their assets in financial markets. Bulgarians are more conservative in their investment choices, with only 5% of their assets directed toward financial markets, while 20% are…
Residents of the Baltic States are currently experiencing a significant increase in food prices – 31% in Latvia, 33% in Estonia and 26% in Lithuania find that they can afford less food purchases due to price rises than before, Citadele Bank representatives report, citing the survey conducted. Overall, over the past year, the majority of…
The process of introducing the euro in Bulgaria is advancing, with the implementation of the Eurosystem’s TIPS (Target Instant Payment Settlement) service playing a central role. The Bulgarian National Bank, the BISERA payment system, two banks and one electronic money company have joined the service, which facilitates instant payments in euros, completed within ten seconds.…
The introduction of an advance payment for each filling station should not affect fuel prices, as it is not actually a tax increase, Serhiy Kuyun, Director of Consulting Group A-95, has said. “I do not anticipate that this will have any impact on fuel prices. Unlike other clauses of the law, this (introduction of an…