According to recent Eurostat data, Bulgaria continues to hold the lowest average salary within the European Union. In 2023, the EU-wide average annual adjusted full-time salary increased by 6.5%, reaching 37,900 euros, up from 35,600 euros in 2022, as reported by Statistics Europe. Luxembourg leads with the highest average salary, reaching 81,100 euros, followed by…
Baltic transmission system operators (TSOs) have confirmed the planned launch of a frequency reserve capacity, with the first auction date set for February 4, 2025. The launch of the frequency reserve capacity market is an important step in the Baltic power grids’ synchronization with the Continental European frequency area. The goal of the market is…
In September, Bulgaria’s retail trade sector, excluding the sale of cars and motorcycles, reported a slight rise in turnover, up by 0.4% from August’s figures, which had shown a 0.7% decline. This recent monthly increase follows eight consecutive months of growth, beginning in February. Compared to September 2023, retail turnover in September grew by 4.8%,…
The role of women in the Ukrainian economy continues to grow. Last year, women founded 56% of enterprises in Ukraine and this year – 59%. At the same time, the share of women winners of the Vlasna Sprava grant programme in 2024 increased from 57% to 61%. These figures were announced by Yuliia Svyrydenko, First…
At a meeting on November 5, the Government approved a new programme of preferential lending to the defence industry. This was announced by Prime Minister Denys Shmyhal. “Enterprises that the Ministry of Strategic Industries considers to be of critical importance will be able to obtain a loan of up to UAH 500 million for up…
A recent analysis from the European Institute of Trade Unions, highlighted by the European Confederation of Trade Unions, reveals that low-wage earners in most EU countries spend at least a third of their monthly income on rent. This data come just before Dan Jorgensen’s hearing in the European Parliament, where he will be considered for…
In October, the Ministry of Finance of Ukraine attracted a record amount from the issuance of government bonds – UAH 106.9 billion in equivalent (UAH 83.4 billion and $569 million). Wartime Bonds accounted for almost UAH 82.8 billion of the total volume of government bonds issued in October. The funds are used to meet the…