The travel organizing platform eSky.bg announced that Italy was the most preferred destination among Bulgarians for 2023. Nearly half of the travelers (44%) for a period of 2-3 days have chosen Italy for their vacation, with Rome, Milan, Venice, Bari, Bologna, Catania and Naples being the most preferred destinations. 24% prefer Austria for short trips,…
The services and active measures meant for the unemployed and people looking for jobs will be improved. The Cabinet of Ministers has approved more amendments, which will contribute to the jobless people’s quick employment and will facilitate the providing of data on the employers and employees benefiting from support on behalf of the state. The…
In just two months, Ukraine’s economy lost over EUR 1.5 billion due to strikes that blocked truck traffic across checkpoints on Ukraine’s borders with its western neighbors, members of the EU. This was stated by the Deputy Chairman of the All-Ukrainian Agrarian Council, Denys Marchuk. “In general, in November and December 2023, the losses (from…
Bulgaria experienced a remarkable surge in foreign direct investments, marking a 12-year high with an increase to BGN 7 billion between January and November 2023, a BGN 2 billion rise from the previous year. Minister of Economy and Industry, Bogdan Bogdanov, highlighted this growth during discussions with Flix Group’s CFO, Christoph Debus, and Global Delivery…
The Swedbank, LHV and SEB pension funds lost several million euros due to a partner’s misconduct in the BaltCap investment fund in Lithuania last November. The BaltCap fund holds 0.1% of their pension funds’ assets. The pension funds of Swedbank, LHV and SEB have invested in BaltCap, the largest private equity fund manager in the…
The Ministry of Economy plans to transform the program “Affordable Loans 5-7-9%”, so that loans are issued to businesses for investment purposes or to businesses from the de-occupied territories. This was stated by Deputy Minister of Economy of Ukraine Nadiia Bihun. “We are planning to make changes to the “5-7-9″ program to focus it on…
More than 7,700 new businesses were registered in the Chernivtsi region last year, up by almost 2,000 YoY. The Chernivtsi Regional Military Administration said this in a Facebook post. “In 2023, 7,748 people launched their own businesses in the Chernivtsi region. Of these, 7,112 were private entrepreneurs and 636 were legal entities. At the same…