Foreign investments in Bulgaria soared in January-October, reaching nearly EUR 3.4 billion – an impressive increase of over EUR 1.1 billion from the same period in 2022, marking a remarkable 53.6% YoY growth. Preliminary data from the Bulgarian National Bank highlight this as the country’s highest foreign investment surge in almost 15 years. Minister of…
69 companies will benefit from grants worth up to 2 million lei (100,000 euros) on behalf of the Moldovan state and the European Union through the Programme on Upgading and Energy Efficiency, managed by the Organization for Entrepreneurship Development (ODA). The contracts on financing were signed by beneficiaries. The overall sum of the non-refundable financing…
Small and medium-sized enterprises of Moldova will be able to access financing for the implementation of energy efficiency projects. This will be possible after representatives of Bank Gospodarstwa Krajowego (BGK) from Poland and the Ministry of Economic Development and Digitalization of Moldova signed a loan agreement worth 5 million euros in Chisinau on December 19.…
Amidst a recent study by the Bulgarian Industrial Association on the country’s business climate in 2023, several key concerns have emerged among the business sector. The study revealed that a significant portion of managers, around 62%, highlighted excessive state regulations as a major hurdle, while 61% cited the challenge of coping with frequent changes in…
Poland’s core inflation, which excludes the prices of food and energy, measured 7.3% YoY in November and was down from October’s 8.0%, the National Bank of Poland (NBP) reported. Inflation excluding fixed prices amounted to 5.2% in November, up from the level of 5.1% in the previous month, the central bank said. Inflation excluding the…
Outlines of the decisions necessary for the transfer of frozen Russian assets and those of individuals affiliated with Russia to the benefit of Ukraine are now being drawn up, President Volodymyr Zelensky has declared. “The issue of frozen assets was one of the very important decisions addressed during the negotiations this week. In particular, in…
Italy has emerged as the new budget-friendly ski destination in Europe, surpassing Bulgaria in affordability, according to a recent study conducted by British travel agencies. Borovets and Bansko, the Bulgarian ski resorts, secured second and sixth positions respectively in an annual analysis evaluating the value-for-money offered by ski holidays. The study, conducted by British tour…