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…
Post-holiday sales at industrial goods stores are drawing as many shoppers as last year, but weather gear, sports goods and clothing are selling better. January is traditionally a discount season in retail and this year is no different. Guido Parnits, director of the Ulemiste Keskus shopping center, told ERR that sales during this year’s January…
Today, there are 1.5 billion 50-kopiyka coins in circulation in Ukraine. To maintain appropriate quality, it is necessary to mint about 30 million coins each year, with some planned for replacement in stages, Andriy Pyshnyy, Governor of the National Bank of Ukraine, has said. According to him, there are currently more than 14 billion coins…
During the first eleven months of 2025, Bulgaria’s exports to countries outside the European Union reached 27.55 billion leva (EUR 14.1 billion), marking a slight decline of 2.1% compared to the same period in 2024, according to data from the National Statistical Institute (NSI). The largest portion of these exports consists of machinery, equipment, and…
Poland saw the European Union’s second-fastest growth in tourism in 2025, behind only the Mediterranean island state of Malta. The figures come amid efforts by the Polish government to boost the role of tourism in the economy. New data from Eurostat, the EU’s statistical agency, show that the estimated number of nights spent in tourist…
Annual inflation in Latvia in December 2025 was higher than the average in the European Union (EU) and the euro area, according to data published on January 19 by the EU’s statistical office Eurostat. Annual inflation in Latvia stood at 3.4% in December 2025. Consumer prices increased in December 2025 in all EU member states.…