Austrian companies operating in Bulgaria continue to view corruption as one of the country’s most significant economic challenges, alongside crime, bureaucracy, underdeveloped infrastructure, and political instability. A recent survey conducted in October and November 2025 shows that 96% of Austrian firms consider the fight against corruption a major unresolved issue. Businesses also highlight the persistent…
The Government has simplified the sale of sanctioned assets that have been seized by the state via open auctions. This was announced by Ukrainian Prime Minister Yulia Svyrydenko. “We are simplifying the sale of russian sanctioned property – these assets should be used for the reconstruction of Ukraine,” said the Prime Minister. From now on,…
On January 22, Deputy Minister of Finance of Ukraine for European Integration Yuriy Draganchuk met with representatives of the Japan International Cooperation Agency (JICA) and the Business Development Fund (BDF). The parties discussed prospects for financial and technical cooperation aimed at supporting small and medium-sized enterprises (SMEs) in Ukraine, as well as possible instruments for…
Lithuania’s government debt reached EUR 33.6 billion in the third quarter of last year, equivalent to 40.7% of the country’s gross domestic product (GDP), one of the lower ratios in the European Union, Eurostat data showed. By comparison, Latvia’s government debt stood at EUR 19 billion, or 45.2% of GDP, while Estonia’s debt totalled EUR…
Communities will receive UAH 740.3 million to implement 119 recovery projects in communities, with the support of the European Investment Bank. The Government approved the distribution of subventions for local budgets. This is the next stage of financing within the framework of the Recovery Program of Ukraine III. The funds will be directed to the…
Bulgaria’s transition to the euro is proceeding smoothly, marking a major step in the country’s full integration into the European Union, according to an analysis by the Fiscal Council. The Council notes that the adoption of the single currency benefits from particularly favorable conditions. Bulgaria’s long-standing currency board and fixed exchange rate have minimized the…
Restaurants in Latvia are currently in a very difficult situation, says Janis Jenzis, head of the Latvian Restaurant Association (LRA). He noted that another Michelin-recommended restaurant, Barents, had announced its closure, which clearly showed that at the beginning of the year the catering industry and restaurants were facing serious hardship. Jenzis added that difficulties in…