Sofia has climbed six places to occupy the 162nd position in the 2024 cost of living ranking by the management consulting company Mercer, which lists the most expensive cities for foreigners. This index includes 226 cities worldwide, measuring the relative price of over 200 items in each location, such as transportation, food, clothing, household goods…
Ukraine ranks second among the countries of Central and Eastern Europe in terms of the number of companies operating in the field of artificial intelligence – 243 companies and about 5200 specialists. These are the findings of the study “AI ecosystem of Ukraine: talents, companies, education” by the Ministry of Digital Transformation. According to the…
Enterprises in Ukraine’s central Poltava region increased exports by 47% in the first four months of 2024, to more than $730 million, Filip Pronin, head of the Poltava Regional Military Administration, said in a post on Telegram. “Enterprises in the Poltava region are active players in foreign trade. They cooperate with partners from 115 countries.…
In 2023, Bulgarian households remained among the lowest in the EU for consumption of goods and services. According to Eurostat’s latest data, Bulgaria’s “actual individual consumption” (AIC) was 27% below the EU average, placing it at 73% of the European level. In contrast, Luxembourg’s AIC was 38% above the EU average, reaching 138%. AIC per…
By focusing on barrier-free economic support programmes, actively engaging communities and opinion leaders on barrier-free issues, the Government is making efforts to create an adaptive environment and opportunities for all people across the country. This was stated by Yuliia Svyrydenko, First Deputy Prime Minister of Ukraine and Minister of Economy of Ukraine, at the presentation…
Operations in fuel trade require enormous investments. This is why the Baltic market may see a consolidation, says Circle K Baltic vice-president Skirmants Macuks. “Everyone needs to invest, everyone needs to follow the rules and meet environmental standards. It’s no longer the simple business it used to be. To be precise, in a couple of…
During the Ukraine Recovery Conference (URC2024), the U.S. corporation DFC announced a financing package that includes political risk insurance for Ukraine for $350 million, First Deputy Prime Minister and Economy Minister Yulia Svyrydenko said. “Each recovery conference had a component to discuss war risk insurance. At the third conference, in Berlin, there was a certain…