Bulgaria witnesses a notable improvement in its overall business climate indicator, surging by 3%age points from December 2023 to January 2024. The National Statistical Institute (NSI) revealed that this uptick spanned across all key sectors-industry, construction, retail trade and services. According to NSI, the composite indicator for the business climate in the industry sector rose…
The key priority in Ukraine’s cooperation with its partners is the transparency of the use of funds raised. This was emphasised by Prime Minister Denys Shmyhal during a meeting with a delegation of Inspectors General from U.S. Department of Defence, State Department and United States Agency for International Development (USAID) on January 30 in Kyiv.…
The International Monetary Fund has raised its forecast for Poland’s GDP growth in 2024 to 2.8% from 2.3%, and lowered it to 3.2% in 2025 from 3.4%, according to the latest version of the IMF’s cyclical World Economic Outlook report. The report does not provide justification for the forecasts. In November 2023, the European Commission…
Governor of the National Bank of Moldova (BNM) Anca Dragu signed on January 30 application for the accession of the Republic of Moldova to the Single Euro Payments Area (SEPA). The initiative will result in the provision of cashless payments in euros, to and from the European space, offering safer, faster and more convenient solutions…
The picturesque city of Varna is experiencing a clash between its tourism sector and proposed plans for offshore wind farms, sparking controversy and opposition within the local community. The draft bill outlining the construction of these wind farms recently passed its first reading in the National Assembly, triggering dissent among various stakeholders. Stoyan Marinov, co-chairman…
On January 29, French billionaire Xavier Niel announced that his investment company, NJJ Capital, agreed to pay $500 million for Turkcell Iletisim Hizmetleri AS’s Ukraine units. The relevant statement was made by Bloomberg. According to Niel, his company’s telecom operations are already in neighboring Poland through Iliad, and the large amount of roaming traffic between…
Estonia, Latvia and Lithuania’s development agencies signed an agreement to increase bilateral and trilateral cooperation on their shared goals. The memorandum of understanding will allow Lithuania’s Central Project Management Agency, the Central Finance and Contracting Agency of Latvia (CFCA) and the Estonian Center for International Development (ESTDEV) to share information and expertise more effectively and…