In the second quarter of 2024, Bulgaria’s gross domestic product (GDP) grew by 2.1% YoY, according to preliminary data from the National Statistics Institute. A flash estimate from August 14 predicted a 2% growth. Both assessment methods indicate that quarterly growth stands at 0.5%. The value of GDP per person amounts to 7,399 leva, or…
In August, the Ministry of Finance made inter-budget transfers to local budgets in the amount of UAH 10.6 billion in accordance with the budget legislation, which was 107.1% of the allocations envisaged in the budget plan. In particular they included: – The basic subsidy in the amount of UAH 1.8 billion (100% of the allocation…
Over 60% of Ukrainian micro, small and medium-sized enterprises acknowledge a significant deterioration in their economic and financial performance indicators. The relevant statement was made by Alla Ivashchenko, Doctor of Economics, Associate Professor at Kyiv National Economic University named after Vadym Hetman, during the presentation “Resilience of Ukrainian Businesses amid Full-Scale Invasion”. According to Ivashchenko,…
Riga, which was previously been the leader among Baltic capital cities when it comes to the number of nights guests to the city spend there. This means Riga has lost its No. 1 position and is now No. 2, the President of the Association of Hotels and Restaurants of Latvia (LVRA) Andris Kalnins has said.…
In 2023, approximately 2,400 Bulgarians earned monthly incomes exceeding 50,000 leva (around 25,000 euros), according to data requested by Mediapool. Of these high earners, around two-thirds received between 50,000 leva and 100,000 leva per month, while the highest earners saw annual incomes of up to 6 million leva, derived from salaries and management fees. Meanwhile,…
More than 12,500 Ukrainian families have taken out preferential mortgage loans under the eOselia (eHousing) programme totalling UAH 20 billion since its launch. The volume of loans disbursed in the first eight months of this year exceeds last year’s figure and amounts to UAH 10.5 billion. This was announced by Yuliia Svyrydenko, First Deputy Prime…
As of the end of July, Bulgarian banks reported a profit of 2.1 billion leva (around 1 billion euros), marking an increase of 115 million leva compared to the same period in 2023. This represents a 5.7% rise from the first seven months of the previous year, according to data from the Bulgarian National Bank…