The process surrounding Bulgaria’s transition to the euro is unfolding smoothly and compares favorably with similar experiences in other countries, including Croatia, according to Vladimir Ivanov, Chairman of the State Commission on Commodity Exchanges and Markets and head of the Coordination Center for the Euro Mechanism. Speaking to bTV, he said the system had proven…
The process of converting Bulgarian levs to euros continues smoothly, with 48.3% of the national currency already withdrawn from circulation. To simplify the exchange process and prevent abuses, rules for converting levs in banks have been standardized. Citizens who are not clients of a given bank must present an ID when exchanging up to EUR…
After a slower-than-expected 2025, the Slovak economy enters 2026 facing significant cyclical headwinds. Exports will suffer due to high sensitivity to global trade, which continues to weaken under higher tariffs. Domestic consumption and private investment will also be constrained by fiscal consolidation. The baseline scenario therefore points to modest positive growth of around 1% in…
One of the achievements of the first stage of the forest industry reform is the consolidation of assets, the launch of a digital chain of traceability of wood movement and increased transparency of the industry. As a result, there is an increase in tax payments to the state budget and investments in development. The last…
Inflation in Ukraine has been declining since June 2025, in line with forecasts. National Bank of Ukraine (NBU) Governor Andriy Pyshnyy said this reflected the central bank’s targeted monetary policy. “To curb inflation, we raised the key policy rate in March 2025 and kept it at 15.5%. As a result, savings in hryvnia remained attractive,…
The annual inflation rate continues its downward trend, recording in December 2025 the lowest value of that year, at 6.8%. The National Statistics Bureau (BNS) unveiled data to this effect. According to the cited source, in last December, compared to November 2025, average consumer prices increased by about 0.9%. This was triggered by higher prices…
Hotels in Bulgaria are transitioning to the euro without major issues, according to Georgi Duchev, executive director of the Bulgarian Association of Hotel Management Professionals. He said that most bookings were prepaid and modern hotel software allowed for straightforward currency conversion, easing the adjustment for both management and guests. Duchev noted that the hotel sector,…