In the first quarter of 2025, Bulgaria experienced one of the steepest increases in house prices across the European Union, coming in second only to Portugal. Property values surged by 15.1% compared to the same period last year, significantly outpacing the EU average growth rate of 5.7%, according to data from Eurostat. This positions Bulgaria…
At a briefing, Finance Minister Temenuzhka Petkova expressed optimism that Bulgaria was on track to meet the eurozone’s price stability criterion once again in June. Citing the 12-month Harmonized Index of Consumer Prices (HICP) published by Eurostat, Petkova noted that Bulgaria’s inflation stood at 2.8%, slightly below the preliminary eurozone average of 2.9%. Turning to…
On July 15, the international credit rating agency S&P Global Ratings raised Sofia Municipality’s long-term credit rating from “BBB” to “BBB+”, assigning it a stable outlook. The upgrade reflects the capital’s strong fiscal position and anticipates benefits stemming from Bulgaria’s anticipated accession to the eurozone. Deputy Mayor for Finance Ivan Vassilev commented on the development,…
On July 15, the Cabinet of Ministers of Ukraine adopted a resolution that regulated and standardised the processes for creating and maintaining several key registries by customs authorities: – The Unified State Register of Authorised Economic Operators; – The Register of Guarantors; – The Register of Enterprises Engaged in Customs Brokerage Activities; – The Register…
Bulgaria’s annual inflation rate climbed to 4.4% in June, marking its highest point since December 2023. This is up from 3.7% recorded in May, according to fresh data from the National Statistical Institute (NSI). On a monthly basis, inflation rose by 0.4%, reversing the previous months’ more modest or declining trends. The average annual inflation…
The Ministry of Finance fully and timely funded social payments in the first half of 2025. A total of UAH 191.5 billion from the state budget was allocated for social payments administered by the Ministry of Social Policy. Specifically: – UAH 113.5 billion – for financing pensions, supplements, and pension increases under the Pension Fund’s…
Following the fourth Ukraine Recovery Conference held in Rome, over 200 agreements and memoranda were signed, totalling more than EUR 13 billion, Prime Minister Denys Shmyhal announced during a Cabinet meeting on July 14. “URC2025 demonstrated the unwavering unity and solidarity of the international community. Ukraine’s recovery is seen as a global project, the success…