On June 30, Slovak travel agency HappyTravel.sk was still selling holiday packages to Egypt and Turkey. Just one day later, on July 1, the company declared insolvency, meaning it could no longer meet its financial obligations. Roman Berkes, CEO of HappyTravel.sk, also stepped down as president of the Slovak Association of Travel Agencies and Tour…
Bulgaria ranks fifth in Europe for tourism growth, a fact highlighted by the country’s Minister of Tourism. Early booking data indicates a strong summer season ahead, reflecting the sector’s continuing expansion. In a separate but related positive note, the European Union’s Environment Agency has recently ranked Bulgarian seawater as the second cleanest in Europe. This…
In June, the Government ensured a timely payment of almost UAH 68 billion in pensions and UAH 1.2 billion in housing subsidies and benefits. The Prime Minister of Ukraine Denys Shmyhal announced this during a meeting of the Cabinet of Ministers on July 2. “Thanks to international support and the trust in Ukraine by our…
The Institute for Computer Science, Artificial Intelligence and Technology (INSAIT) at Sofia University is set to embark on a new chapter through a collaborative programme with the Artificial Intelligence Laboratory at the Massachusetts Institute of Technology (MIT). The official launch of the joint initiative will be held on July 2 at INSAIT’s base in Synergy…
The number of work permits issued by the Employment Agency for foreign workers continues to grow, with projections for this year reaching around 40,000, according to Nikolay Nikolov from the Bulgarian Association for People Management and the Bulgarian Confederation for Employment. Foreign labor primarily comes from two regions, depending on the industry. One group arrives…
Strengthening cooperation and reconstruction projects were discussed by Prime Minister Denys Shmyhal and World Bank President Ajay Banga. The meeting took place in Spain on the sidelines of the UN Conference. “Since the onset of the full-scale invasion, the World Bank has already mobilized more than $77 billion to help our country,” the Head of…
Ukraine and Brazil have strong potential for economic cooperation in agriculture, engineering, bioenergy, pharmaceutics and civilian construction, as well as bioethanol production, as the two countries have significant bio-resources and technologies. The relevant statement was made by Ambassador of the Federative Republic of Brazil to Ukraine Rafael de Mello Vidal. “The war has had negative…