Bulgaria experienced a remarkable surge in foreign direct investments, marking a 12-year high with an increase to BGN 7 billion between January and November 2023, a BGN 2 billion rise from the previous year. Minister of Economy and Industry, Bogdan Bogdanov, highlighted this growth during discussions with Flix Group’s CFO, Christoph Debus, and Global Delivery…
The Swedbank, LHV and SEB pension funds lost several million euros due to a partner’s misconduct in the BaltCap investment fund in Lithuania last November. The BaltCap fund holds 0.1% of their pension funds’ assets. The pension funds of Swedbank, LHV and SEB have invested in BaltCap, the largest private equity fund manager in the…
The Ministry of Economy plans to transform the program “Affordable Loans 5-7-9%”, so that loans are issued to businesses for investment purposes or to businesses from the de-occupied territories. This was stated by Deputy Minister of Economy of Ukraine Nadiia Bihun. “We are planning to make changes to the “5-7-9″ program to focus it on…
More than 7,700 new businesses were registered in the Chernivtsi region last year, up by almost 2,000 YoY. The Chernivtsi Regional Military Administration said this in a Facebook post. “In 2023, 7,748 people launched their own businesses in the Chernivtsi region. Of these, 7,112 were private entrepreneurs and 636 were legal entities. At the same…
Poland’s industrial production in December 2023 was slightly better than market expectations, with output falling by 3.9% YoY against an expected decline of 5.6%, this caused economists to forecast a rebound in the sector in 2024, with domestic demand being the main driver. Economists from the Polish Economic Institute wrote on X, that they saw…
Poland’s industrial production prices fell by 6.4% YoY in December 2023 against a PAP consensus for a 5.8% decrease, Poland’s Central Statisical Office (GUS) reported. On a monthly basis, the prices dropped by 0.8%. Economists polled by PAP expected December 2023 industrial production prices to drop by 0.6% MoM. (PAP/Business World Magazine)
Accelerating recovery, stimulating development of the manufacturing sector, increasing non-commodity exports, attracting increased investment into the real sectors of the economy and, generally speaking, creating new investment opportunities, facilitating the return of Ukrainians, in particular, through the eOseia programme – all these are contained in the economic growth strategy for 2024. “Such growth is necessary…