A recent study by Moody’s reveals that Bulgaria is among the top European Union countries with a high concentration of companies connected to Russian entities. The research identified 46,000 firms across the EU with at least a 40% ownership by Russian companies or individuals. Bulgaria ranks second in this list, following the Czech Republic. According…
During the first six months following Bulgaria’s adoption of the euro, “Bulgarian Posts” will offer free exchange of banknotes and coins from levs to euros at the official exchange rate, with a daily limit of 1,000 leva per person. For exchanges between 1,000 leva and 10,000 leva, customers will need to submit a request 3…
On August 22, the Verkhovna Rada of Ukraine ratified the Political, Free Trade and Strategic Partnership Agreement between Ukraine and the United Kingdom of Great Britain and Northern Ireland. This will result in full trade liberalisation for the next 5 years, which will increase export potential for Ukrainian producers. This was announced by Yuliia Svyrydenko,…
In September, Bulgaria will see a surge in travel, as approximately 350,000 to 380,000 Bulgarians take advantage of the long weekend for the Unification Day holiday on September 6, which falls on Friday. This extended break, including the weekend, offers three consecutive days off. Most of those traveling will remain within Bulgaria, heading to popular…
Deputy Minister of Finance of Ukraine Olga Zykova joined the event organised by the Centre for Economic Strategy (CES) and the German Economy Team (GET) on the budget deficit, partner assistance and prospects for 2025. The key issues discussed were the needs of the state budget of Ukraine, mobilisation of the necessary funding and assistance…
In July, annual inflation in the Eurozone increased slightly to 2.6%, up from 2.5% in June. For the entire European Union, inflation reached 2.8%, rising from 2.6% the previous month, according to Eurostat. In Bulgaria, annual harmonized inflation also held steady at 2.8% in July, the same as the average for the EU. This marks…
Due to ongoing political challenges, Bulgaria’s accession to the Eurozone is now projected to occur no earlier than 2026. Despite positive evaluations from Eurozone leaders about progress made earlier in the year, the country’s persistent political instability and failure to meet necessary criteria have led to this further delay. Originally slated for January 2024, Bulgaria’s…