Over the past week, under the Government’s Affordable Loans at 5-7-9% programme, entrepreneurs secured 527 preferential loans totalling UAH 1.4 billion from authorised banks, including 345 loans worth UAH 0.8 billion from state-owned banks. Since the start of 2025, the Affordable Loans at 5-7-9% programme has facilitated 11,733 loans amounting to UAH 36.8 billion, of…
Cash holdings in Bulgaria remain high, with over 30 billion leva reportedly kept outside the banking system. The Association of Bulgarian Banks has urged citizens to deposit these funds into banks ahead of the country’s planned eurozone entry. James Yolovski, Secretary General of the association, explained this during an interview with Bulgarian National Radio. Positive…
Since the resumption of registry operations in 2025, 2,334 Ukrainians have taken advantage of the affordable mortgage programme eOselia, securing loans totalling UAH 4.3 billion. This was announced by Andrii Teliupa, Deputy Minister of Economy. “The eOselia programme offers flexible and attractive conditions for obtaining a loan to purchase a home. Since its launch, 17,174…
The Consumer Protection Commission (CPC) and the Commission for Competition Protection (CCP) are joining forces to prevent an unjustified increase in the prices of goods and services during the transition to the euro. The two commissions will also investigate for any prohibited agreements between traders that might fuel such speculation. According to Rosen Karadimov, chairman…
Last year, eight in 10 tax audits ended with a penalty and an additional tax assessment. Yet despite the rising efficiency of the Financial Administration, the state collected nearly EUR 100 million less through this channel compared to the previous year. The administration focused primarily on value-added tax (VAT), where it recorded the highest number…
The global credit insurer Coface has released its annual insolvency report for Central and Eastern Europe (CEE), painting a nuanced picture of the region’s corporate stability. Although the CEE region saw a strong economic rebound in 2024, the number of bankruptcies continued to climb. Coface notes that, for a second year in a row, Bulgaria…
The Government has approved a decision to secure funding from Japan under the ERA mechanism, aimed at supporting key economic and social sectors. This was announced by Prime Minister Denys Shmyhal during a Cabinet meeting on May 30. “This is nearly $3 billion, backed by revenues from frozen russian assets, to finance priority budget expenditures,”…