The first industrial park has received funding under the state programme to stimulate the development of industrial parks under the “Made in Ukraine” policy. The programme provides funding of up to UAH 150 million to ensure the construction of the necessary infrastructure. Funds are provided on a non-refundable basis, covering up to 50% of the…
Lithuania’s economy is bubbling promisingly, Latvia’s is stagnating and Estonia’s is struggling in a prolonged downturn. Both major Lithuanian commercial banks, Swedbank and SEB, have ticked up Lithuania’s forecast for the year, boosting confidence that the economy is on the right track. Swedbank is projecting a GDP increase of 2.2% and SEB is predicting a…
Estonian biotech company Fibenol has begun feasibility and environmental impact studies at the Valmiera industrial park, to determine its suitability for the potential establishment of a biorefinery, the company has announced. Following the public tender, a construction rights agreement was signed on August 27 between subsidiary Fibenol Latvia Ltd and local government in Valmiera, around…
The Bulgarian Association of Travel Agencies estimates that between 300,000 and 340,000 Bulgarians will travel both domestically and internationally during the upcoming two long weekends in September. Greece remains the top choice for travelers, with bus trips priced between 330 and 790 leva already sold out, and air packages ranging from 800 to 1,250 leva…
In July, the number of Bulgarians traveling abroad for vacation or excursions rose by just over 11% compared to the same month last year, according to the National Statistical Institute. During this period, the largest portion of Bulgarian trips abroad was for leisure and excursions, making up 47.4% of the total, followed by trips for…
In January-July, UAH 1 trillion was allocated from the state budget for the security and defense sector, including UAH 161.6 billion in July. This was reported by the press service of the Ministry of Finance of Ukraine in Telegram. “In January-July, the expenditures of the general fund of the state budget for the security and…
The “Economist Intelligence Unit” has pushed back Bulgaria’s anticipated entry into the Eurozone and full Schengen membership to 2026, citing ongoing political instability as a major factor. According to their August forecast, while adopting the euro could be technically feasible until 2025 if price stability and a stable government are achieved, the prevailing conditions suggest…