Slovakia’s economy is losing steam. Once a regional growth leader, the country now ranks among the poorest performers in the European Union, coming 24th out of 27 in a new Prosperity Index compiled by Slovenska and Ceska sporitelna banks. Only Greece, Romania and Bulgaria fared worse. In contrast, neighbouring Czechia ranked 15th and Slovenia 4th.…
The Bulgarian National Bank (BNB) will stay the course with its conservative and stability-oriented monetary policy even after the country enters the eurozone. In an interview with Politico, BNB Governor Dimitar Radev confirmed that Bulgaria would continue to prioritize resilience, cohesion and price stability. “I lead one of the more conservative central banks, and we…
Over UAH 1 billion in subventions and grants has been allocated for the construction of school shelters in Dnipropetrovsk region. This was announced by Prime Minister Denys Shmyhal during a working visit to the region on June 12. The Head of Government inspected the construction of a shelter at one of the region’s educational institutions.…
The Government has decided to create an Online Entrepreneur’s Office, which will operate on the Diia.Business platform. This was announced by Prime Minister Denys Shmyhal during a Cabinet meeting on June 11. “Small and medium-sized businesses will be able to access personalised support programmes, enabling them to expand their operations with state assistance,” Denys Shmyhal…
The European Bank for Reconstruction and Development (EBRD) officially launched its InvestEU programme in Bulgaria on June 11, marking a major step forward in the country’s transition to a green and sustainable economy. The event brought together financial sector leaders, representative of the EU and senior business executives to highlight the country’s growing momentum in…
Bulgarian National Bank (BNB) Governor Dimitar Radev downplayed concerns that adopting the euro would lead to a meaningful or lasting rise in inflation. He emphasized that any price increases would be minor and temporary, noting that Bulgarian and eurozone interest rates were already near neutral levels. Annual inflation hit 4% in March, driven by adjustments…
Rumen Draganov from the Institute for Evaluation and Analysis in Tourism spoke to Bulgarian National Radio about the transition to the euro in Bulgaria, particularly regarding the tourism sector. According to him, tourism in Bulgaria has effectively been operating with the euro for years, and there is no psychological obstacle to the change. “In euros,…