While performing an oversight based on the monitoring activity results in 2023, the National Bank of Ukraine (NBU) has determined a list of critical payment infrastructure objects in Ukraine. The relevant statement was made by the NBU’s press service. As in previous years, the NBU’s System of Electronic Payments (SEP) was recognized as the only…
Between February 26 and March 1, the State Property Fund of Ukraine held 18 privatization auctions, which would raise UAH 219.6 million to the budget. Vitaliy Koval, the head of the State Property Fund, announced this in a post on Telegram. “18 successful auctions for almost UAH 220 million. This is the result of the…
Prime Minister Dorin Recean has informed that the business people from Moldova have already invested $1 billion through the 373 governmental programme. “This is an encouraging start, which shows the potential this project has. I am happy to see that, among those almost 250 businesses with 3,703 employees within the programme, there are 60 companies…
Nicolas Schmit, the newly-elected president of the Party of European Socialists (PES), has voiced his support for Bulgaria’s full accession to the Schengen Area. Speaking at a press briefing following his election at a PES congress held in Rome, Schmit emphasized the importance of Bulgaria’s integration into the Schengen Zone. “It is time for Bulgaria…
In 2023, the average gross monthly salary was 12,354.7 lei (about 636 euros), increasing by 17.3% in nominal value and in real terms by 3.4% compared to 2022. The data were presented by the National Statistics Bureau (BNS). In the fourth quarter of 2023, the average gross monthly salary, in units in the real sector…
Effective from March 1, Bulgaria has officially halted the use and importation of Russian oil for fuel production, following a decision by the Parliament to drop the derogation. Initially slated to remain in effect until the end of the year, lawmakers opted to significantly shorten the timeline to avoid indirectly financing Russia amidst ongoing geopolitical…
In January-February, the general fund of the state budget of Ukraine received about $1.2 billion of external financing. Grants provided on a non-refundable basis accounted for 75% of the total amount of financial assistance. Among the donors were Japan – $901 million (concessional financing and grants), Norway – $295 million (grant) and Spain – $3…