Polish state energy giant Orlen has opened its first publicly available hydrogen refuelling station. The facility – the first of 100 Orlen plans to open in Poland and neighbouring countries until 2030 – is part of the firm’s efforts to move away from its traditional focus on oil and towards greener forms of energy. The…
Ukraine has a significant potential for the development of life insurance, which can become a source of long-term funds for the economy. First Deputy Governor of the National Bank Kateryna Rozhkova said this during a meeting with representatives of life insurance companies and industry associations. “Ukraine has the potential to develop this segment of insurance…
Bulgarian National Bank Governor Dimitar Radev emphasized in a recent BNT documentary that the delay in Bulgaria’s entry into the Eurozone was primarily a political issue. According to journalist Nadia Obretenova, who interviewed Radev for the documentary “The Way of Money”, the governor highlighted the central bank’s policies aimed at monitoring bank lending, which were…
Bulgaria is expected to adopt the euro at the beginning of 2026, rather than mid-next year, as previously forecast. This update was provided by acting Deputy Prime Minister and Minister of Finance Ludmila Petkova, who emphasized the need for technological time to meet the final criterion for euro adoption. Following this, new convergence reports must…
The updated Canada-Ukraine Free Trade Agreement (CUFTA) enters into force on July 1. On June 26, Yuliia Svyrydenko, First Deputy Prime Minister and Minister of Economy of Ukraine, and Mary Ng, Minister of Export Promotion, International Trade and Economic Development of Canada, issued a joint statement on this historic event. According to the statement, the…
The European Commission’s latest report on convergence has determined that Bulgaria does not meet the necessary conditions for adopting the euro. This conclusion, announced on June 26, affects Bulgaria along with five other EU member states that are not yet part of the Eurozone. According to the report, Bulgaria falls short specifically on the criterion…
On June 26, Minister of Finance of Ukraine Sergii Marchenko met with Minister of Economy, Trade and Business of Spain Carlos Cuerpo Caballero and Ambassador Extraordinary and Plenipotentiary of Spain to Ukraine Ricardo Lopez-Aranda Jagu. The meeting was also attended by Deputy Minister of Finance Alexander Kava and Ambassador Extraordinary and Plenipotentiary of Ukraine to…