In July, annual inflation in the Eurozone increased slightly to 2.6%, up from 2.5% in June. For the entire European Union, inflation reached 2.8%, rising from 2.6% the previous month, according to Eurostat. In Bulgaria, annual harmonized inflation also held steady at 2.8% in July, the same as the average for the EU. This marks…
Due to ongoing political challenges, Bulgaria’s accession to the Eurozone is now projected to occur no earlier than 2026. Despite positive evaluations from Eurozone leaders about progress made earlier in the year, the country’s persistent political instability and failure to meet necessary criteria have led to this further delay. Originally slated for January 2024, Bulgaria’s…
As of August 1, the number of companies registered in the Diia.City special legal regime reached 1,355. The relevant statement was made by Chairman of the Verkhovna Rada Committee on Finance, Taxation and Customs Policy Danylo Hetmantsev on Telegram. “The number of companies choosing the special legal regime for the IT industry has increased. As…
The Ministry of Economy has launched an information dashboard designed to monitor the implementation of the Ukraine Plan under the EU’s Ukraine Facility programme. The dashboard is now available on the Ministry of Economy’s web portal of the and at www.ukrainefacility.me.gov.ua/en. The thematic dashboard will allow the Government, international partners, as well as business and…
In July, inflation in Bulgaria decreased to 2.4% on an annual basis, according to recent statistics from the NSI. However, compared to the previous month, the inflation index rose by 0.8%, reversing a trend of decline observed in recent months. This increase is primarily attributed to higher prices for tourist services and establishments. Seasonal factors…
Bulgaria’s foreign trade has been experiencing a decline since the start of the year, according to recent data from the National Statistical Institute. In the first five months of the year, both exports and imports saw reductions. Exports fell by 6.2% compared to the same period in 2023, totaling 22.2 billion leva. Major export destinations…
For more than two years in a row, the Ministry of Finance of Ukraine has been taking the necessary measures to maintain a stable macro-financial system in wartime. Effective steps taken by the Government of Ukraine allow strengthening domestic financial capacity in times of uncertainty. However, international assistance continues to be important in supporting the…