On September 24, the Ministry of Finance raised UAH 17.784 billion to the state budget at an auction for the placement of domestic government bonds. The Ministry of Finance offered investors hryvnia-denominated domestic government bonds: UAH 109 million at 14.62% with 1.1-year maturity, UAH 6.124 billion at 15.59% with 2-year maturity and UAH 4.972 billion…
The European Bank for Reconstruction and Development (EBRD) has revised its growth forecast for Bulgaria’s economy for the upcoming two years. The bank now expects a slowdown of 0.4% this year, predicting a growth rate of 2.2%, down from previous estimates. Looking ahead to next year, the EBRD has adjusted its projection from 3% to…
As recession-hit Estonia seeks to boost defence funding with plans to raise value-added, income and corporate taxes, Lithuanian businesses and economists say Lithuania has a chance to increase its competitive position in the region, if it maintains the stability of its tax system. Lithuanian Finance Minister Gintare Skaiste believes that Estonia’s tax changes will have…
The industrial producer price index totaled 2.2% in August, while the same indicator slowed to 31.2% YoY. The latest data from the State Statistics Service showed that the industrial producer price index, which tracked the average change in wholesale prices for raw materials and intermediate consumption goods, reached 2.2% in August, down from 8.8% in…
According to the Bulgarian National Bank (BNB), the expansion of mortgage loans continues, as banks in Bulgaria report an increase in housing credit. As of the end of August, outstanding housing loans reached 23.2 billion leva, reflecting an annual growth of 25.5%. This marks an increase from July, when mortgage loans rose by 25.1%. Since…
Bulgaria ranks 35th in the 2023 list of the wealthiest countries, with net financial assets per capita amounting to 16,410 euros. The Global Wealth Report, released by Allianz, highlights a notable increase in global financial assets of private households, which has risen by 7.6%, offsetting a previous decline of 3.5%. The total financial assets worldwide…
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…