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,”…
During a conference titled “Introduction of the euro in Bulgaria – effects and practical aspects for business”, Finance Minister Temenuzhka Petkova assured the Franco-German business community that Bulgaria was fully prepared to adopt the euro from January 1, 2026. The event, hosted by the Franco-Bulgarian Chamber of Commerce and Industry and the German-Bulgarian Chamber of…
In a country grappling with high deficits and mounting pressure to consolidate its finances, Slovakia’s leading employers have unveiled a detailed cost-cutting plan they claim could save the state EUR 6.5 billion – without raising taxes. “Raising taxes is the easy way out of poor fiscal management,” said Republic Union of Employers (RUZ) president Miroslav…
Bogomil Nikolov from “Active Consumers” believes that Bulgaria’s transition to the euro will be much easier compared to countries like Croatia or Slovakia, thanks to the fixed exchange rate. In an interview with Bulgarian National Radio, he explained that this fixed exchange rate would ensure that the dual display of prices during the changeover would…
The primary focus of Ukraine’s Export Strategy until 2030, currently being developed by the Ministry of Economy, will be to boost the production of high value-added products and expand opportunities for Ukrainian exporters. This was announced by Taras Kachka, Deputy Minister of Economy and Trade Representative of Ukraine, during the conference “Export in War Conditions:…
20 Ukrainians aged under 25 have won the youth component of the Vlasna Sprava grant program following the results of the 2025 eighth wave. They will receive UAH 3 million to start their businesses. In total, 280 young entrepreneurs have received a positive decision to receive grants since the program was launched. This was announced…
The co-chair of “We Continue the Change” Asen Vassilev said he did not expect a surge in consumer prices in Bulgaria after the adoption of the euro, arguing that the concerns were not backed by evidence. He explained that in countries that had already switched to the euro, any price growth was mainly seen in…