The European Commission’s latest autumn economic forecast reveals Bulgaria’s anticipated economic slowdown in 2023 and 2024, followed by a predicted rebound in 2025. Projections indicate a decrease in imports and exports alongside steady household consumption levels, set to rise gradually in the coming months of 2024. In its forecast, the EC suggests a weakening of…
Poland’s workday-adjusted industrial production fell by 0.9% YoY in September, following a 1.9% decline in August, according to EU stats office Eurostat. In the euro zone, industrial output fell by 6.9% YoY and by 1.1% MoM in September after a 5.1% annual decline and a 0.6% monthly rise in August, Eurostat said. (PAP/Business World Magazine)
Over the past week, three important events have taken place that will have consequences in the medium and long term for the stability, victory and European future of Ukraine, Prime Minister Denys Shmyhal has declared. “The first event is the historic decision of the European Commission that Ukraine is ready to start pre-accession negotiations on…
The government has approved the draft law on cash settlements, which provides for more accurate rules regarding the circulation of cash in the economic circuit and the orientation towards making payments by transfer. This will ensure the increase in transparency and security of transactions, the fight against tax evasion and unfair competition, the government’s communication…
The European Commission cut the GDP growth forecast in Poland to 0.4% in 2023, slightly down from 0.5% estimated earlier, while it maintained the estimate for 2024 at 2.7%, the Autumn European Forecast showed. “The Polish economy remained weak in the first half of 2023, but was set to return to growth in the third…
Energy-intensive industries in Bulgaria are facing a severe threat of curtailed operations or potential closures due to the soaring electricity prices. Dobri Mitrev, the head of the Bulgarian Industrial Association (BIA), highlighted this pressing issue, revealing that the budget for 2024 lacked provisions for energy compensations across various sectors. Mitrev conveyed the BIA’s communication with…
Ukrainian business is the major driver of recovery and growth, so supporting entrepreneurs is one of the Government’s key priorities. This was emphasised by Prime Minister Denys Shmyhal. “During the full-scale war, businesses have received 40,800 soft loans under the 5-7-9 programme worth UAH 159.8 billion. More than half of the recipients are agrarians, almost…