A recent analysis from the European Institute of Trade Unions, highlighted by the European Confederation of Trade Unions, reveals that low-wage earners in most EU countries spend at least a third of their monthly income on rent. This data come just before Dan Jorgensen’s hearing in the European Parliament, where he will be considered for…
In October, the Ministry of Finance of Ukraine attracted a record amount from the issuance of government bonds – UAH 106.9 billion in equivalent (UAH 83.4 billion and $569 million). Wartime Bonds accounted for almost UAH 82.8 billion of the total volume of government bonds issued in October. The funds are used to meet the…
Over the past week, entrepreneurs received 768 concessional loans totalling UAH 2.7 billion from authorised banks under the Government’s Affordable Loans at 5-7-9% programme, including 541 loans from public sector banks totalling UAH 1.3 billion. Since the beginning of 2024, entrepreneurs have received 20,325 loans worth UAH 75.9 billion under the programme, including 15,340 loans…
Globally, the essential oil sector is encountering significant challenges. Between 2021 and 2023, international trade in essential oils has seen a decline of over 26% in quantity and an 18% drop in value. Bulgarian exports are also experiencing a downturn, a trend that has persisted into the first half of 2024. A major focus of…
Coface Bulgaria has projected a steady expansion for Bulgaria’s economy, despite ongoing economic challenges in the European Union. During the IX Conference on Risk Management titled “Risks of Optimism”, agency manager Plamen Dimitrov presented a sector report predicting a growth rate of 2% for this year, with an increase to approximately 2.8% anticipated in 2025.…
In October, the general fund of the state budget of Ukraine received about $1.4 billion of concessional external financing: from IMF – $1.1 billion and from Canada – $300 million. Ukraine received funds from the International Monetary Fund as a result of the successful fifth review of the Extended Fund Facility (EFF) Arrangement. Ukraine has…
Bulgaria has become a preferred tourist destination for many international visitors, known for its rich history, beautiful landscapes and range of vacation options. The country offers everything from scenic Black Sea beaches to mountain retreats, attracting those in search of unique, memorable experiences. An increasing number of tourists now choose Bulgaria’s mountains, drawn by the…