Over half of employers in Bulgaria have no plans to hire new staff in the next six months, according to recent findings from the Bulgarian Employment Confederation (BEC). The survey, conducted among 1,197 companies, covers the period from October to March of next year. The data show that 32% of respondents anticipate no change in…
Banks are granting loans to businesses under the Government’s energy programmes. Applications for UAH 7.9 billion have been approved, and over UAH 2 billion in loans have actually been disbursed. Over UAH 204 million in loans have been approved for households. This was announced by Prime Minister Denys Shmyhal. “The heating season is already starting…
The decision of the International Monetary Fund to allocate for Ukraine another tranche under the Extended Fund Facility is a recognition of the stability of the country’s economy and an important signal to partners. This was emphasized by the Governor of the National Bank of Ukraine Andrii Pyshnyi who commented on the IMF’s move on…
In the first half of the year, Sofia experienced a 12% increase in tourist arrivals compared to the same period last year, as reported by the Unified Tourist Information System of the Ministry of Tourism. The number of registered overnight stays rose by 10%, with nearly 60% of visitors being foreign tourists. Tourist numbers have…
In the economic competition between the Baltic States, Lithuania is currently outperforming Estonia. According to Lithuanian analysts, there are several reasons for this. However, they believe that maintaining the region as a safe and attractive business environment is more important than the friendly rivalry between the countries. Lithuania’s purchasing power has increased in recent years,…
In the Poltava region, a total of 507 farmers have been provided development loans worth more than UAH 3.4 billion. The relevant statement was made by Poltava Regional Military Administration. “A total of 507 farmers from the Poltava region have received more than UAH 3.4 billion worth of loans from banks for development purposes. Of…
Bulgaria’s trade deficit in August fell by over 30% YoY, reaching 287.8 million euros compared to 413.8 million euros during the same month last year. However, in the first eight months of this year, the deficit rose by just over 42%, amounting to 2.953 billion euros, up from 2.077 billion euros for the same period…