In the first quarter of 2024, labor costs per hour worked in the European Union showed significant increases, according to the latest data from Eurostat. Across the EU, these costs rose by 5.5% YoY, while in the euro area, the increase was slightly lower at 5.1%. Labor costs for firms encompass not only wages and…
Since the launch of privatization auctions via the Prozorro.Sale platform, 6,000 successful auctions have been held, raising more than UAH 17.2 billion. The press service of JSC Prozorro.Sale announced this on Facebook. “Over the six years of implementing the small-scale privatization reform, Ukraine has raised more than UAH 17.2 billion from the sale of state…
Petar Ganev, an economist from the Institute of Market Economy, discussed Bulgaria’s readiness for joining the Eurozone in an interview with BNR, noting that the upcoming regular convergence report would likely indicate the country was not prepared. Ganev emphasized the necessity of a government capable of leading high-level discussions and implementing consistent policies for a…
The World Bank has revised its economic forecast for Bulgaria downward for the third consecutive time, according to its latest summer report. Initially projecting a growth rate of 2.1% for this year, the institution’s revised forecast marks a decrease of 0.3%. This adjustment follows previous expectations from last summer, where growth was anticipated at 2.7%.…
In January-May, the compulsory state pension insurance system received UAH 16.4 million in voluntary contributions. The press service of the Pension Fund of Ukraine said this in a post on Facebook. As of June 1, 7,585 voluntary payments totaling UAH 16.4 million have been transferred to the mandatory state pension insurance system. More than half…
On June 13, on the sidelines of the 23rd meeting of the Ukraine Defence Contact Group in the Ramstein format, Deputy Minister for Strategic Industries of Ukraine Sergiy Boyev, Minister of Defence of Ukraine Rustem Umerov and Minister of Defence of Denmark Troels Lund Poulsen signed a memorandum outlining a mechanism for financing the purchase…
Poland’s government has approved a proposal to raise the monthly minimum wage to 4,626 zloty (EUR 1,059) gross next year, which would mark a 7.6% increase. It is the first decision regarding the minimum wage level made by Prime Minister Donald Tusk’s Cabinet, which took office in December 2023. And it has been cautiously welcomed…