Mass layoffs have resurfaced in Bulgaria’s labor market, with nearly 10,000 workers affected in the past two years. Once associated with the closure of major industries, this process has gained renewed attention as significant foreign investors withdraw from the country. Between January and October, 65 notifications of mass layoffs involving 4,921 employees were submitted to…
Revenues to the consolidated budget in January-November from payments controlled by the State Tax Service of Ukraine amounted to UAH 1423.3 billion. The state budget received UAH 1,029.7 billion and local budgets – UAH 393.6 billion. Revenues to the general fund of the state budget amounted to UAH 938.9 billion. The Ministry of Finance has…
Small grocery stores contribute approximately 10% to Bulgaria’s GDP. For the first time in a decade, traditional trade is outpacing the growth of modern trade, reversing a long-standing trend that had led to the closure of 10,000 family-owned stores in recent years. Despite fierce competition from hypermarkets, these small stores retain a significant market share…
The decision to buy or rent property in Bulgaria’s major cities, particularly Sofia, is influenced by various factors, with real estate experts suggesting that buying remains more advantageous than renting in the long term. Mortgage payments for purchasing an apartment in Sofia are typically similar to monthly rent, making homeownership an attractive option, especially in…
In Ukraine’s 2025 state budget over 2.2 trillion hryvnias, equivalent to 26.3% of GDP, has been earmarked for security and defense forces, the National Security and Defense Council (NSDC) of Ukraine has said on Facebook. “President of Ukraine Volodymyr Zelensky has signed the Law of Ukraine “On the State Budget of Ukraine for 2025″, passed…
In January-August, the enterprises relocated to the Poltava region paid more than UAH 9 million in taxes to the consolidated budget, Filip Pronin, the head of the Poltava Regional Military Administration, said. “The relocated enterprises operate in various fields: trade, IT, catering, creative industry, construction and agricultural production. In January-August, these companies paid more than…
Since the beginning of the year, 343 objects worth about UAH 3 billion have been privatized in Ukraine. These figures were provided by Minister of the Cabinet of Ministers Oleh Nemchinov. “The State Property Fund, as a specialized body of executive state power, informed the Cabinet of Ministers that as of now, these were 343…