Bulgaria has recorded the largest drop in industrial production within the European Union for the fifth month in a row, according to preliminary data from Eurostat. In October, the country’s industrial output fell by 7.6% compared to the same month in 2024, a sharper decline than the 5.7% contraction reported in September. In contrast, industrial…
The Ministry of Finance of Latvia (MoF) is proposing that, from January 2027, the functions of registering, licensing, and supervising non-bank lenders be transferred to the Bank of Latvia, according to information published on the Legal Acts Drafting Portal. The MoF has prepared an informational report on the designation of a single licensing and supervisory…
The Cabinet of Ministers of Ukraine has decided to include two new industrial parks – Fursy (Kyiv region) and Misto Diy (Lviv region) – in the Registry of Industrial (Manufacturing) Parks. The implementation of these projects will create a total of over 1,000 new jobs in the manufacturing sector. The Fursy industrial park is located…
American investment company Stonpeak has entered into an agreement with Baltic telecom operator Bite Group to acquire TeleTower’s operations in Lithuania and Latvia. This was announced in a Stonpeak press release. The deal aims to create an independent tower management company as part of a strategic partnership to increase investment in the Baltic mobile network…
Luminor Bank’s Chief Economist Lenno Uuskula said Estonia’s declining birth rates would bring economic problems in the future, for example, in healthcare and paying pensions. In November, 721 children were born in Estonia. In total, 8,442 children were born in the first 11 months of this year. Uuskula said that while discussion about economic cycles…
As of the end of November, household and NPISH (non-profit institutions serving households) deposits in Bulgaria reached 100.881 billion leva, marking a 15.8% rise compared with the same month in 2024, according to a report by the Bulgarian National Bank (BNB) on December 23. The growth in household deposits has been steady since July, following…
Ukrainian President Volodymyr Zelenskyi has said that Ukraine estimates its total losses from the war with Russia at $800 billion and hopes to mobilize these funds through various post-war recovery funds. The head of state said this while speaking with journalists. “$800 billion is our overall estimate of losses from this Russian war. This is…