Three Bulgarian regulatory institutions – the Commission for Protection of Competition (CPC), the Consumer Protection Commission (CPCo) and the Communications Regulation Commission (CRC) – are joining forces under a new tripartite cooperation agreement. The pact, signed today, aims to establish coordinated oversight and action in preparation for the country’s adoption of the euro. This initiative…
Bulgaria is preparing for the euro adoption by updating the software of over 460,000 cash registers nationwide. This requirement was highlighted during a national discussion titled “The Effect of the Eurozone”, hosted by the Economic and Social Council. The unanimous support of all eurozone members for Bulgaria’s entry from January 1, 2026, has set the…
The Confederation of Independent Trade Unions of Bulgaria (CITUB) is pushing for legal amendments that would change how prices are displayed in stores. The proposal suggests that, alongside the retail price, each product should also carry a label showing the price set by the producer or importer. As Bulgaria moves toward adopting the euro, the…
The Ministry of Economy of Ukraine has approved the next allocation of funds under the 25% compensation program for Ukrainian agricultural machinery and equipment. Based on the applications submitted in May, 50 agricultural producers will receive compensation totaling over UAH 6.8 million. “In May, another 50 agricultural enterprises applied for compensation for 65 units of…
The upcoming rise in electricity prices starting in July is expected to influence inflation in Bulgaria, Assoc. Prof. Dr. Atanas Atanasov, chairman of the National Statistical Institute (NSI), has said. He emphasized that the overall impact on inflation would also depend on other factors such as oil prices, transport expenses and consumer behavior. The volatile…
Bulgaria and Switzerland are launching two new joint initiatives under the Second Swiss Contribution, with a combined value of 18.7 million Swiss francs. The programs, signed on June 25 in Sofia, target two key areas – air quality improvement and integrated migration management. The agreements were signed by Deputy Prime Minister and Minister of Innovation…
The Government has approved a draft law on amendments to the state budget for 2025. This was announced by Prime Minister Denys Shmyhal during a session of the Cabinet of Ministers on June 25. According to him, the document contain a proposal to increase funding for the Security and Defense Forces of Ukraine by UAH…