The Bulgarian tourism industry faces significant challenges due to delays in processing both work and tourist visas for individuals from third countries. The situation has particularly impacted the tourism and construction sectors, with other industries also struggling to manage visa applications. The issue intensified following the COVID-19 pandemic, which saw a shift in the workforce,…
The Bulgarian government has decided to extend compensation for high electricity costs to all non-household consumers by the end of the year, following a change in the compensation program. The measure, requiring over 500 million leva (250 million euros), has been approved by the European Commission. According to the Minister of Energy, approximately 549 million…
On September 17, the Verkhovna Rada of Ukraine supported in the first reading the Government’s draft law No. 11520 on a new version of the Law on Public Procurement. 289 MPs voted in favour. This document brings Ukraine’s legislation closer to EU standards and improves the public procurement process in the context of the country’s…
On September 17, the State Property Fund of Ukraine (SPFU) presented the Land Bank project, which would transform the market of state agricultural land. The event was organised by the SPFU in partnership with the USAID / UK aid State-Owned Enterprises Reform Activity (SOERA) project. The presentation was attended by representatives of the Parliament, the…
The Bank of Lithuania on September 17 condemned the International Monetary Fund’s decision to resume economic consultations with Russia, saying that it fully supported the position voiced in a protest letter by the Baltic, Nordic and Polish finance ministers. Gediminas Simkus, the central bank’s governor and Lithuania’s representative on the IMF Board, said in a…
On September 10, the second meeting of the Strategic Investment Council was held under the chairmanship of Prime Minister of Ukraine Denys Shmyhal. The main topic of the meeting was the adoption of the Unified Portfolio of Public Investment Projects and the formation of a list of priority projects for financing in 2025. “The Unified…
The Export Credit Agency (ECA) has signed the first war risk insurance contract for an investment loan. This was announced by First Deputy Prime Minister and Minister of Economy of Ukraine Yuliia Svyrydenko during the event “Economic Policy of Ukraine. Recovery During the War” in Kyiv on September 16. She noted that war risk insurance…