More than two thousand jobs will be created in Kalush (Ivano-Frankivsk region) as a result of the establishment of a new industrial park in the city. The decision to include Kalush Production Park in the Register of Industrial Parks was made by the Cabinet of Ministers of Ukraine at a meeting on September 24. “The…
Ukrainian entrepreneurs have received under the Affordable Loans at 5-7-9% programme 16,927 loans totalling UAH 63.4 billion since the beginning of the year. In particular, last week, businesses received 271 loans worth UAH 1.2 billion under the programme. In total, since the start of the programme (since February 2020), banks have issued 95,900 loans worth…
Since the beginning of 2024, Ukrainians have received 6,649 loans for the purchase of housing worth over UAH 11.3 billion under the eOselia affordable loans programme. In particular, 4,783 Ukrainians received loans for the purchase of housing on the secondary market, 1,412 for the first sale and 454 loans were issued for the purchase of…
President Volodymyr Zelensky signed off the law on the restoration of medium-term planning in local budgets, the parliament’s press service reported. “The new law sets a mandatory condition for receiving financing from the World Bank,” it said. Legislation restores medium-term planning in local budgets (drafting an outlook of local budgets for three coming years). Temporarily…
In 2023, Bulgaria’s exports totaled 86.9 billion leva, reflecting a decline of 6.5% compared to the previous year. The National Statistical Institute reports that the most significant growth in exports occurred in January, with an 18% increase, while the steepest decline was seen in June, dropping by 15.5%. The sector that experienced the highest growth…
This summer is shaping up to be better for Bulgarian tourism compared to the last pre-pandemic year, 2019, according to the Minister of Tourism Evtim Miloshev. However, current statistics indicate that while Bulgarian tourists are declining, the number of foreign visitors is on the rise. In the peak summer season, 7,500 fewer Bulgarians visited the…
In preparation for the introduction of the euro, Bulgaria is updating its payment services and systems to align with the new currency regime, as outlined in the National Plan. Economist Rumen Galabinov highlighted that this preparation involved ensuring technical readiness for converting from lev to euro. The conversion rate of 1.95583 will be adhered to,…