Psychologist Assoc. Prof. Nikolay Dimitrov believes that the tension surrounding Bulgaria’s upcoming euro adoption is rooted more in psychology than in actual economics. He points out that many Bulgarians carry emotional baggage from the past, specifically, the 1999 denomination of the lev, and that memory still shapes their fears today. Back then, the sudden removal…
The executive director of the Association for Modern Trade Nikolay Valkanov expressed serious concerns about the government’s recent regulatory actions and legislative changes surrounding Bulgaria’s eurozone transition and market oversight. Speaking to the Bulgarian National Radio, he highlighted mounting pressures on businesses, driven by rushed legal amendments and excessive state intervention. Valkanov acknowledged that the…
Prime Minister of Ukraine Yulia Svyrydenko met with Romanian Minister of Foreign Affairs Oana-Silvia Toiu, who was on an official visit to Ukraine. The conversation centered on European integration, deepening defense cooperation, participation of Romanian businesses in the rehabilitation of the Ukrainian economy and the implementation of joint infrastructure projects. “Ukraine and Romania share a…
August 7 marks the final day for businesses in Bulgaria to prepare for the mandatory display of prices in both leva and euros. As part of the Euro Introduction Act, the regulation enters into force on August 8, requiring retailers to list both currencies on all goods and services. Labels must show prices in the…
German automotive supplier ZF Friedrichshafen plans to close its manufacturing plant in central Slovakia until mid-2026, a move that will gradually affect approximately 250 workers. The decision is part of a wider cost-cutting and restructuring initiative, as the company responds to declining European car production and broader financial pressures. The Detva facility, which produces components…
Businesses face a 50-million leva expense to update cash registers for dual currency use, euros and leva, ahead of Bulgaria’s eurozone entry. Employers guarantee that until October 8, all fiscal devices will be ready to issue receipts in both currencies. The IT sector reports no major software problems, yet service centers authorized to update older…
International partners are allocating over UAH 3 billion to support households in frontline regions that rely on solid fuel for heating during the upcoming heating season. The funds are expected to be used for purchasing solid fuel, with each household receiving UAH 19,400 for this purpose. The support from foreign partners was discussed during a…