Ukraine and Switzerland will conduct joint business missions for domestic businesses to explore opportunities for Swiss companies to invest in Ukraine, as well as opportunities for Ukrainian companies to expand in Switzerland. These were the results of the Swiss-Ukrainian Roundtable on Recovery and Rebuilding at the World Economic Forum in Davos on January 17. The…
Banker and economist Levon Hampartsumyan addressed concerns about Bulgaria’s adoption of the euro, emphasizing the need to overcome fears and embrace the impending change. According to Hampartsumyan, the shift to the euro as the primary measure of economic success will not only be seamless but also without financial burdens for the public. Contrary to apprehensions,…
Poland’s Sejm, lower house of parliament, has passed a budget bill that will enable the new government to fulfill some of its key election promises, but involves a deficit exceeding EU recommendations. According to the budget bill approved by the Sejm on January 18, state revenues are planned at nearly PLN 682.4 billion (EUR 154.9…
Ukraine needs financial and military support in order to prevent the government in Kyiv from resorting to printing money to keep the economy afloat, Beata Javorcik, the chief economist of the European Bank for Reconstruction and Development (EBRD), has said in Davos. She noted that Ukraine’s economic situation was challenging, despite growth of just short…
The Ministry of Agriculture and Food Industry (MAIA) requested an additional grant of 50 million lei (2.5 million euros) for certain categories of farmers. The request came after the ministry completed the process of analyzing data previously requested from district agricultural directorates on farmers who sowed corn and were affected by the summer 2023 drought.…
Estonia, along with Latvia and Lithuania, continues to have the highest loan interest rates in the eurozone, surpassing the average for that region by several percentage points. European Central Bank (ECB) statistics showed that the average interest rate on newly issued home loans in the eurozone stood at 4.1% as of the end of November…
Bulgaria is set to witness wages outpacing inflation at a two-to-one ratio in 2024, according to Allianz Trade’s latest report. Anticipating a 9% growth in wages compared to an expected 4% inflation, the report indicates a slowdown from the 13.5% wage growth projected for 2023. Despite this deceleration, wages are poised to comfortably surpass rising…