Microsoft vice chair and president Brad Smith has encouraged global tech firms to invest in Poland. He says the country has the opportunity to establish itself as an “AI Valley” pioneering the development of artificial intelligence, an idea he discussed last week with Prime Minister Donald Tusk. “I can tell investors: if you come from…
On June 11, Minister of Finance of Ukraine Sergii Marchenko participated in the Ukraine Recovery Conference in Berlin as a part of the government delegation. The Minister of Finance of Ukraine took part in two panel discussions on the conditions for economic growth and the Reforms Matrix. During the discussion, the Minister of Finance named…
In 2025, there remains a risk regarding the rhythm of foreign aid inflows and the ability to ensure full coverage of military expenditures, Danylo Hetmantsev, head of the Verkhovna Rada Committee on Finance, Tax and Customs Policy, has said. “For 2025, we have two main risks. This is, first of all, the risk regarding the…
Government borrowings to the state budget’s general fund amounted to UAH 612 billion in January-May. This is said in a report published on the Finance Ministry’s website. From the placement of government bonds, UAH 189.5 billion was raised, including UAH 56.7 billion in foreign currency (USD 749.5 million and EUR 665.7 million), to finance the…
The implementation of the Vertical Gas Corridor has commenced, aimed at ensuring diversification and energy security for natural gas supplies. Bulgartransgaz, the state gas transmission operator, signed two critical public contracts with consortia comprising Bulgarian and American companies. This project is a collaboration between Bulgaria, Greece, Romania, Hungary, Slovakia, Ukraine and Moldova, and is anticipated…
The Cabinet of Ministers of Ukraine has decided to provide grant support to small agricultural producers. The relevant order No. 495-r “On the Allocation of Funds from the International Bank for Reconstruction and Development and the International Development Association to the Ministry of Agrarian Policy and Food” was adopted at a regular meeting. The document…
Publicly available information from the National Revenue Agency reveals that 3,604 Bulgarian residents had properties abroad, all of which had been duly declared to the agency. Bulgarians own properties across various countries in the Balkans and the European Union. Additionally, some citizens take pride in owning properties in less commonly chosen destinations, including Andorra, Argentina,…