At the start of 2025, Slovak households began to feel the full impact of government austerity measures aimed at consolidating public finances. A hike in value-added tax (VAT) and a cut to the child tax bonus have pushed up inflation, further eroding household purchasing power. The anticipated tax increases prompted many families to stock up…
On the sidelines of the 34th EBRD Annual Meeting and Business Forum, taking place in London, Ukraine’s Minister of Finance, Sergii Marchenko, took part in the Plenary Session of the EBRD Board of Governors and delivered a speech. The Minister of Finance of Ukraine serves as the EBRD Governor for Ukraine. Sergii Marchenko expressed gratitude…
Prime Minister Rosen Zhelyazkov, accompanied by his three deputy prime ministers, delivered a comprehensive progress report on the implementation of the government’s policy agenda. In a media statement, Zhelyazkov emphasized that the government’s program was adopted in record time – just 38 days after the cabinet took office – and outlined the main goals and…
Plovdiv has emerged as the most dynamic regional office market in Bulgaria, with over 237,000 square meters of Class A and B office space, according to the latest “Offices in Regional Cities in Bulgaria” report published by Colliers International. The office market in Plovdiv shows signs of maturity and stability, largely driven by sustained demand…
On May 13, First Deputy Prime Minister and Minister of Economy of Ukraine Yuliia Svyrydenko met with Alfonso Garcia Mora, Vice President of the International Finance Corporation (IFC) for Europe, Latin America and the Caribbean. The meeting was also attended by First Deputy Minister of Economy Oleksii Sobolev and IFC representatives. Key topics of discussion…
The Government has adopted several key decisions to improve access to business lending. This was announced by Prime Minister Denys Shmyhal during a Cabinet meeting on May 13. “Access to affordable loans for small and medium-sized businesses is another critical element of state support,” he emphasised. According to Denys Shmyhal, the first decision involves securing…
A significant portion of Bulgarians’ savings is already held in euros, signaling the country’s readiness for the currency switch, even before its official adoption. According to Petar Chobanov, Deputy Governor of the Bulgarian National Bank (BNB), 25% of household deposits and 32% of business deposits are currently in euros. This reflects a pragmatic approach by…