Bulgaria: real estate prices rise in Q1 2025

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…

Bulgaria: S&P upgrades Sofia’s credit rating

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,…

Ukraine: Government standardises procedures for creating and maintaining key customs registries

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…