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,…
In the third quarter of 2025, Bulgaria was among the EU countries experiencing the strongest growth in house prices, according to Eurostat data. Across the euro area, the house price index rose by 5.1% YoY, while the EU overall saw a 5.5% increase. Over the same period, prices had grown by 1.6% compared with the…
Last year was a record year for bonds on the Baltic stock exchanges, with companies raising nearly EUR 2 billion in total on the Estonian, Latvian, and Lithuanian exchanges. “The Estonian economy is still sluggish, investor confidence is on a downward trend, and trading activity on the Nasdaq Tallinn Stock Exchange was nothing special last…
Since Russia’s invasion of Ukraine, the number of companies whose owners or ultimate beneficiaries have changed their declared citizenship from Russian or Belarusian has risen sharply. The most common new nationalities are Israeli, Latvian and that of Antigua and Barbuda, according to Latvian Radio. Experts cite two main reasons for the trend: an effort to…
In 2025, Ukraine completed a key stage of public investment management reform and established uniform rules for planning, selecting and financing investment projects at the national, regional and local levels. last year, the Government formed and approved a methodological framework for public investment management, which covered medium-term planning and prioritisation, project preparation and evaluation, the…
Sofia’s Vitosha Boulevard continues to hold its status as Bulgaria’s most expensive shopping street, with average rents reaching 726 euros per square meter per year, according to the latest Main Streets Across the World 2025 report by Cushman & Wakefield. This places Vitosha Boulevard 41st globally in 2025, a slight rise from its 42nd position…
Ukraine will win this war and become one of Europe’s engines of growth, Tarmo Sild, CEO of Iute Group, which is in the process of establishing a bank in Ukraine, has declared. The Estonian financial company Iute Group is acquiring RWS Bank in Ukraine. “We are buying selected assets from them. We’re taking over a…