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…
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…