Bulgaria is showing significant progress towards meeting the criteria for joining the eurozone, according to recent data. November statistics from the National Statistical Institute reveal that monthly inflation stood at 0.6%, while annual inflation reached 2.1%. Despite a slight acceleration in annual inflation, the monthly inflation rate has grown more slowly compared to October. Economist…
President of Ukraine Volodymyr Zelensky has formed a delegation to participate in negotiations on the conclusion of a guarantee agreement between Ukraine and the European Bank for Reconstruction and Development. The corresponding decree, No. 152/2024-rp, was published on the website of the head of the Ukrainian state. “To form a delegation of Ukraine to participate…
Annual inflation in Bulgaria accelerated in November, rising to 2.1% compared to 1.8% in October, marking a three-month high, according to data from the National Statistical Institute (NSI). On a monthly basis, the consumer price index increased by 0.6%, following a 1.1% rise in October. Food prices saw the most significant monthly increase in November,…
Excise taxes on tobacco products and alcoholic beverages, including beer, will rise in 2025 as part of a measure by the Ministry of Finance to boost government revenue. This increase is expected to make these goods more expensive for consumers. The excise tax on alcoholic drinks, including beer, is set to increase by 10% to…
The Ministry of Finance has projected a significant increase in the state debt over the period from 2025 to 2028, estimating a rise of about 1.7 times. According to the Draft Strategy for State Debt Management for this period, the ratio of state debt to GDP is expected to grow steadily, reaching 27.7% until the…
The Ministry of Finance has decided to abandon the proposed tax on subsoil resources, according to Acting Deputy Prime Minister and Minister of Finance Lyudmila Petkova. During a parliamentary blitz control, Petkova explained that the Minister of Energy would increase concession fees to compensate, at least partially, for the anticipated revenue loss. Additionally, a one-time…
“Inter IKEA Group”, which includes Sweden’s “IKEA of Sweden”, has acquired furniture retailer “IKEA” retailers in Baltic States. The deal includes three full-size “IKEA” stores in Riga, Vilnius and Tallinn, five small customer service locations in the Baltic States, as well as an e-commerce and digital retail development company. The company does not reveal the…