The recent amendments to Bulgaria’s Euro Introduction Law have sparked significant controversy, with prominent economists and political figures voicing sharp criticism over its unclear provisions and broad regulatory powers. Lachezar Bogdanov, chief economist at the Institute for Market Economics, described the law as “more of a scarecrow law,” warning that while it might be intended…
The total amount of Ukraine’s state and state-guaranteed debt as of the end of June reached $184.84 billion, increasing by $3.88 billion over month. This was reported by the Ministry of Finance of Ukraine. As of June 30, Ukraine’s state and state-guaranteed debt amounted to UAH 7,696.95 billion, or $184.84 billion. “During June, the amount…
On July 24, a series of tripartite consultations commenced in Kyiv between the Ministry of Economy, Environment and Agriculture of Ukraine, representatives of employers and trade unions and the International Labour Organization (ILO) to finalise the updated draft of Ukraine’s Labour Code. The first meeting focused on discussing provisions of Book I – the general…
About 31% of Bulgarian companies have used the services of the Bulgarian Trade and Economic Services abroad, according to a survey by the Bulgarian Chamber of Commerce and Industry. 32% of respondents said they did not know what services the foreign representative offices of the Ministry of Economy provided. 37% indicated that they only worked…
Bulgaria remains among the European Union countries with the shortest average work life, according to the latest data released by Eurostat. In 2024, Bulgarians are expected to remain active in the labor market for an average of 34.8 years. This figure is identical in Croatia and Greece, placing the three countries near the bottom of…
Slovakia’s property market is showing diverging trends, with significant increases in the sale prices of older two-room flats, while rental costs declined in several major cities during the second quarter of 2025. According to the latest Real Estate Barometer from the Real Estate Union of the Slovak Republic, older two-room flats in regional capitals recorded…
Hotel revenue in Bulgaria has grown by approximately 10%, though costs for the sector have also climbed, rising by between 10% and 20%. This was stated by Georgi Duchev, Executive Director of the Bulgarian Association of Professionals in Hotel Management. According to an analysis by the association covering the first six months of the year,…