Belgium is taking over the patronage of Kyiv and the region, as well as Chernihiv and the region, and plans to allocate EUR 150 million to rebuild social and energy infrastructure. The relevant memoranda were signed by Vasyl Shkurakov, Acting Minister for Communities, Territories and Infrastructure of Ukraine, and Dirk Desprez, Resident Represetative of the…
According to data from the National Statistical Institute, food represents the largest share of expenses for Bulgarian tourists, both domestically and internationally. For trips within Bulgaria, more than 40% of the travel budget is allocated to food, while this figure is 34.3% for travel abroad. This information covers the months of April, May and June,…
Interest rates on existing mortgage loans in Bulgaria are beginning to rise, according to a check by BNR based on recent data. Although these instances are currently isolated and do not yet impact overall statistics, they signal a trend that experts have anticipated for some time. The increase in interest rates is more pronounced for…
The first industrial park has received funding under the state programme to stimulate the development of industrial parks under the “Made in Ukraine” policy. The programme provides funding of up to UAH 150 million to ensure the construction of the necessary infrastructure. Funds are provided on a non-refundable basis, covering up to 50% of the…
Lithuania’s economy is bubbling promisingly, Latvia’s is stagnating and Estonia’s is struggling in a prolonged downturn. Both major Lithuanian commercial banks, Swedbank and SEB, have ticked up Lithuania’s forecast for the year, boosting confidence that the economy is on the right track. Swedbank is projecting a GDP increase of 2.2% and SEB is predicting a…
Estonian biotech company Fibenol has begun feasibility and environmental impact studies at the Valmiera industrial park, to determine its suitability for the potential establishment of a biorefinery, the company has announced. Following the public tender, a construction rights agreement was signed on August 27 between subsidiary Fibenol Latvia Ltd and local government in Valmiera, around…
The Bulgarian Association of Travel Agencies estimates that between 300,000 and 340,000 Bulgarians will travel both domestically and internationally during the upcoming two long weekends in September. Greece remains the top choice for travelers, with bus trips priced between 330 and 790 leva already sold out, and air packages ranging from 800 to 1,250 leva…