The Bulgarian Parliament has approved amendments to the Accounting Law, mandating that enterprises include a sustainability report in their activity reports. This new requirement, effective for the 2024 accounting year, aims to provide a comprehensive view of corporate sustainability by analyzing both financial and socio-economic impacts of a company’s activities. Large enterprises, as well as…
As of August 14, the Pension Fund of Ukraine has financed UAH 35 billion for pension payments, including UAH 7.4 billion through JSC Ukrposhta and UAH 27.6 billion through authorised banks. Moreover, UAH 1,336 million was allocated for housing subsidies and benefits and UAH 1,911.6 million – for insurance payments, including UAH 756.4 million for…
On August 13, the Cabinet of Ministers of Ukraine approved the State Strategy for Regional Development for 2021-2027, which would become an effective tool to overcome the consequences of the war, promote recovery and facilitate the country’s accession to the EU. The EU provided support for the preparation of the Strategy through the European Commission,…
Last week, entrepreneurs received 412 soft loans totalling UAH 1.8 billion from authorised banks under the state programme “Affordable Loans at 5-7-9%”, including 330 loans from public sector banks for about UAH 1.2 billion. Since the beginning of 2024, entrepreneurs have received 14,645 loans worth UAH 55.2 billion under the Programme, including 11,101 loans worth…
Prime Minister of Ukraine Denys Shmyhal met with U.S. Senators Lindsey Graham (Republican Party) and Richard Blumenthal (Democratic Party). The Head of Government of Ukraine noted that continued bipartisan support of the United States was crucial for Ukraine in the future. He also thanked the Senate for voting for the initiatives that were essential for…
In June, Bulgaria saw a notable increase in the total number of overnight stays in hotels and other accommodation, reaching 3.5 million, which marked a 5.9% rise from the previous year, according to the National Statistical Institute. The overall number of overnight stays grew by 6%, while hotel occupancy rates also improved, climbing by 2%,…
The Bulgarian National Bank (BNB) anticipates a gradual slowdown in annual inflation during the second half of the year, as outlined in Issue 2 of its quarterly publication, “Ikonomicheski pregled” (Economic Review), available on the central bank’s website. According to the report, private consumption and rising unit labor costs, particularly in the context of labor…