The country has already spent more than EUR 1 billion on interest payments this year, as high deficits and rising rates put pressure on public finances. Slovakia’s political leaders are grappling with a growing financial headache as the country faces historically high costs to service its national debt. Official figures show that Slovakia has spent…
Deputy Minister of Economy, Environment and Agriculture Denys Bashlyk met with Mohammed Azouqa, interim Head of the Food and Agriculture Organization (FAO) Office in Ukraine, to discuss ongoing support for Ukrainian farmers and agricultural producers and future cooperation directions. “Enhancing the resilience and sustainability of Ukraine’s agri-food sector is crucial today. Farmers face challenging conditions,…
The minimum wage in Bulgaria should increase to BGN 1,213 (around EUR 620) as of January 1, 2026, up from the current BGN 1,077, according to Luboslav Kostov, Chief Economist of the Confederation of Independent Trade Unions in Bulgaria (CITUB). Union representatives expressed concern that the government’s draft decree setting the new rate had not…
Most concessionaires along Bulgaria’s Southern Black Sea coast have already complied with the requirement to display prices for umbrellas and sun beds in both levs and euros. On Kraimorie beach, for example, boards with the updated rates are visible at each entrance. Concessionaire Nikolay Dimitrov explained that the tariffs were set in advance and could…
On August 27, Deputy Prime Minister for European and Euro-Atlantic Integration Taras Kachka was on a working visit to Budapest, Hungary. During the visit, the Deputy Prime Minister held several meetings, including with Hungarian Minister for European Union Affairs Janos Boka, State Secretary and Deputy Foreign Minister Levente Magyar and Agriculture Minister Istvan Nagy. The…
The Bulgarian government has taken on a new loan of BGN 300 million from the domestic market, bringing the country’s newly accumulated debt since the beginning of 2025 to a record BGN 16.5 billion. According to the Ministry of Finance, it issued three-year government securities worth BGN 300 million at an average annual yield of…
Consolidating efforts to open negotiation Cluster 1 “Fundamentals”, advancing Ukraine’s economic development, and fostering interstate cooperation in various sectors were the key topics of a meeting between Deputy Prime Minister for European and Euro-Atlantic Integration Taras Kachka, Minister of Economy, Environment and Agriculture Oleksii Sobolev and a delegation from the global parliamentary network “United for…