The World Bank has revised down its forecast for Bulgaria’s economic growth in 2025, citing a broader global economic slowdown. In its latest report, “Accelerating Growth through Entrepreneurship, Technology and Innovation”, the World Bank predicts global economic growth to decelerate to an average of 2.3% in 2025-2026, down from 2.6% in 2024. This is primarily…
The Government has decided to allocate UAH 540 million in subventions to the regions to modernize vocational education institutions. This was announced by Prime Minister of Ukraine Denys Shmyhal during a session of the Cabinet of Ministers on May 2. “We are talking about modernizing laboratories of vocational and professional higher education institutions, as well…
Minister of Economy and Industry Petar Dilov held a meeting with Susan Falatko, the Charge d’Affaires at the US Embassy in Bulgaria, to discuss the potential for strengthening economic ties and boosting trade between the two nations. During the conversation, Minister Dilov highlighted the strategic significance of the United States as a partner to Bulgaria…
A quarter of household savings in Bulgaria are now held in euros, reflecting growing confidence in the currency and its widespread use. According to Petar Chobanov, Deputy Governor of the Bulgarian National Bank (BNB), 25% of household deposits and 32% of corporate deposits are already denominated in euros. He attributes this trend to Bulgaria’s strong…
Ukraine’s Presidential Commissioner for Sanctions Policy Vladyslav Vlasiuk says that among the Russian companies on which Ukraine has imposed sanctions are energy and metallurgical enterprises that contribute to the Russian defense program. Vlasiuk reported this on Facebook on May 1. “New sanctions decrees are on the website, and sanctions are in the NSDC register. I…
The Cabinet of Ministers endorsed a draft law on the ratification of the Comprehensive Economic Partnership Agreement between the Government of Ukraine and the Government of the United Arab Emirates (UAE). This was reported by the Ministry of Economy. It is noted that the agreement provides for the free trade between the two countries by…
Bulgaria has taken on new state debt amounting to 4 billion leva, Bulgarian National Radio reports. The Ministry of Finance has not yet officially confirmed the information. According to reports, the country has raised nearly 4 billion euros on international markets through the issuance of two bond tranches – with maturities of 9 and 13…