While the Bank of Latvia (Latvijas Banka) believes that commercial banks in the country have become overly cautious in granting loans, its Estonian counterpart does not see such a significant problem here. At the same time, the Bank of Estonia (Eesti Pank) acknowledges that local businesses perceive banks as not being very generous in issuing…
Bulgaria has set up interdepartmental working groups to expedite the implementation of projects for the construction of new nuclear facilities at the Kozloduy NPP and the Vertical Gas Corridor. Their main goal is to assist in executing all legal procedures related to these projects. The projects, part of the Vertical Gas Corridor initiative involving Bulgaria,…
Since the beginning of the year, 6,724 agricultural enterprises have received UAH 43.2 billion in bank loans for development. Of these, 3,980 farms were financed for UAH 18.3 billion under the Government’s Affordable Loans at 5-7-9 programme. Farmers in the following regions received the largest amount of loans under various programmes: – Kyiv region –…
Julian Voinov, an economist and financial expert, expressed optimism regarding Bulgaria’s potential adoption of the euro in 2025 or early 2026. He cited the recent decrease in inflation reported by the National Statistical Institute (NSI) as a positive sign, indicating progress towards meeting the criteria for Eurozone entry. Voinov highlighted the importance of sustaining this…
Poland’s parliament has almost unanimously supported a package of measures proposed by the government to provide financial support to help parents of young children return to work. The legislation would offer parents a choice of one of three types of benefit for children aged between 12 and 35 months. One of the options is entirely…
In the first quarter of 2024, Bulgaria’s economy expanded by 0.4%, as per an expedited evaluation by the National Statistical Institute (NSI), a slight deceleration from the 0.5% growth witnessed in the final quarter of the preceding year. The primary drivers of economic growth during the first three months of the current year were a…
In April, 7,400 public customers announced procurements through the Prozorro system for a total of UAH 78.5 billion. This was announced by Deputy Minister of Economy of Ukraine Nadiia Bihun. “Despite the full-scale war, the public procurement sector continues to develop dynamically. We have already reached the level of procurement that existed before the full-scale…