Over the past week, entrepreneurs received 394 soft loans totalling UAH 1.1 billion from authorised banks under the state programme “Affordable Loans at 5-7-9%”, including 311 loans from public sector banks worth over UAH 0.5 billion. Since the beginning of 2024, entrepreneurs have received 16,175 loans worth UAH 60.2 billion under the programme, including 12,298…
Bulgaria is emerging as a top destination for starting a new business, praised for its favorable conditions. According to the World Bank’s Ease of Doing Business index, Bulgaria stands out due to its low corporate tax rate of 10% and minimal administrative fees, making it an attractive option for entrepreneurs. The country offers a streamlined…
As of September 8, the Pension Fund has allocated UAH 19.6 billion for pension payments, including UAH 3.5 billion through Ukrposhta and UAH 16.1 billion through authorised banks. Moreover, UAH 1418.2 million was allocated for housing subsidies and benefits and UAH 1,509.1 million for insurance payments, including UAH 341.9 million for sick leave. In September,…
In the second quarter of 2024, Bulgaria’s gross domestic product (GDP) grew by 2.1% YoY, according to preliminary data from the National Statistics Institute. A flash estimate from August 14 predicted a 2% growth. Both assessment methods indicate that quarterly growth stands at 0.5%. The value of GDP per person amounts to 7,399 leva, or…
In August, the Ministry of Finance made inter-budget transfers to local budgets in the amount of UAH 10.6 billion in accordance with the budget legislation, which was 107.1% of the allocations envisaged in the budget plan. In particular they included: – The basic subsidy in the amount of UAH 1.8 billion (100% of the allocation…
Over 60% of Ukrainian micro, small and medium-sized enterprises acknowledge a significant deterioration in their economic and financial performance indicators. The relevant statement was made by Alla Ivashchenko, Doctor of Economics, Associate Professor at Kyiv National Economic University named after Vadym Hetman, during the presentation “Resilience of Ukrainian Businesses amid Full-Scale Invasion”. According to Ivashchenko,…
Riga, which was previously been the leader among Baltic capital cities when it comes to the number of nights guests to the city spend there. This means Riga has lost its No. 1 position and is now No. 2, the President of the Association of Hotels and Restaurants of Latvia (LVRA) Andris Kalnins has said.…