The Bulgarian National Bank (BNB) has expressed strong opposition to the draft state budget for 2025, which is set to be officially submitted to the National Assembly by the caretaker government. The central bank’s position highlights several concerns regarding the proposed budget’s parameters and its potential negative impact on Bulgaria’s fiscal stability and long-term economic…
Investments, increased military assistance, European integration and a just peace for Ukraine were the main topics of Prime Minister Denys Shmyhal’s meetings during his working visit to Germany. “The only way to peace is our unity, strength and security. Security is first and foremost NATO. Ukraine’s membership in NATO is the only effective tool that…
In January-September, relocated businesses transferred UAH 9.2 million worth of tax payments to various-level budgets in the Kirovohrad region, the Kirovohrad Regional Military Administration reported. “In January-September, relocated economic entities of the real sector of economy transferred UAH 9.2 million in taxes and duties to various-level budgets, including UAH 5.6 million worth of the individual…
Four Latvian companies have been included in the “Top 30” list of most valuable Baltic businesses, according to the list composed by investment company “Prudentia”. “Swedbank Baltics” is on the fourth place. This company unites all “Swedbank” Group companies in the Baltic States. The company’s value is EUR 4.345 billion, which is 28% more when…
The Ministry of Finance has unveiled the draft budget for 2025, alongside the updated medium-term fiscal forecast covering 2025 to 2028. The draft foresees a 3% deficit for the upcoming four years, while the country’s state debt is projected to rise to 81 billion leva until 2028. The budget’s revenue is expected to reach 92.5…
Since the beginning of 2024, businesses have received 23,556 soft loans under the Affordable Loans at 5-7-9% programme totalling UAH 88.4 billion, and 102,500 loans worth UAH 355.3 billion since the programme was launched in February 2020. Last week, Ukrainian entrepreneurs received 633 soft loans worth UAH 2.4 billion. “Since the beginning of the full-scale…
Companies, the infrastructure of which has been destroyed or damaged by the enemy and which are located in the territory of active hostilities, will be eligible for debt restructuring. The Government approved the relevant criteria for heat and water utilities on December 10, Prime Minister Denys Shmyhal said. “We are setting out an algorithm for…