In July, inflation in Bulgaria decreased to 2.4% on an annual basis, according to recent statistics from the NSI. However, compared to the previous month, the inflation index rose by 0.8%, reversing a trend of decline observed in recent months. This increase is primarily attributed to higher prices for tourist services and establishments. Seasonal factors…
Bulgaria’s foreign trade has been experiencing a decline since the start of the year, according to recent data from the National Statistical Institute. In the first five months of the year, both exports and imports saw reductions. Exports fell by 6.2% compared to the same period in 2023, totaling 22.2 billion leva. Major export destinations…
For more than two years in a row, the Ministry of Finance of Ukraine has been taking the necessary measures to maintain a stable macro-financial system in wartime. Effective steps taken by the Government of Ukraine allow strengthening domestic financial capacity in times of uncertainty. However, international assistance continues to be important in supporting the…
The Bulgarian National Bank has reported a rise in counterfeit 100 leva bills, according to statistics released on its website. In the second quarter, there were 230 fake 100 leva notes identified and confiscated. Overall, the bank registered and seized 397 counterfeit banknotes during this period. Among these, 83 were 20 leva notes, 74 were…
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,…