Bulgarian restaurateurs and hoteliers are forecasting widespread bankruptcies due to soaring electricity costs. The industry is calling for urgent intervention to prevent potential price hikes for goods and services. Atanas Dimitrov, vice-president of the Bulgarian Hotel and Restaurant Association (BHRA), highlighted a troubling trend of sharp increases in electricity prices during the summer season over…
Minister of Finance of Ukraine Sergii Marchenko met with Ambassador Extraordinary and Plenipotentiary of Japan to Ukraine Matsuda Kuninori and Senior Vice President of the Japan International Cooperation Agency (JICA) Shohei Hara. The meeting was also attended by Deputy Ministers of Finance of Ukraine Olga Zykova and Alexander Kava and Government Commissioner for Public Debt…
Organizers of the Webit conference have expressed serious concerns about a potential international scandal due to the Bulgarian government’s inaction, despite the country being designated as a partner for this year’s event. In a letter addressed to the Acting Prime Minister Dimitar Glavchev, Plamen Rusev, the executive chairman of the Webit Foundation, highlighted the problem.…
Unemployment in Poland has fallen below 5% for the first time since 1990, when the country was beginning its post-communist transition. New data from state statistical agency GUS showed that the unemployment rate fell to 4.9% in June, down from 5% in May. The reading was in line with analysts’ expectations. The last time GUS…
The current state of the economy and macroeconomic forecasts for the coming years, labour market issues, as well as components of the “Made in Ukraine” economic policy were discussed during a meeting between the leadership of the Ministry of Economy and representatives of the IMF mission to Ukraine. The meeting was attended by First Deputy…
As of July 21, the Pension Fund has allocated UAH 51.6 billion for pension payments, including UAH 9.3 billion through JSC Ukrposhta and UAH 42.3 billion through authorised banks. Moreover, UAH 1,309.6 million was allocated for housing subsidies and benefits and UAH 2,199.1 million – for insurance payments, including UAH 1,025 million for sick leave…
The leadership of the Ministry of Finance of Ukraine and representatives of the International Monetary Fund held the final meeting of the IMF mission. The mission took place in Kyiv on July 16-19. The teams of the Ministry of Finance headed by Minister of Finance Sergii Marchenko and the IMF Mission to Ukraine headed by…