The Organization for Economic Co-operation and Development (OECD) now expects Bulgaria’s economy to grow by 2.6% in 2025, followed by a slight slowdown to 2.3% in 2026. This marks a downward revision from its previous outlook in December, which projected 2.8% growth in 2025 and 2.6% in 2026. According to the OECD’s latest Economic Outlook,…
The Organisation for Economic Co-operation and Development (OECD) in a report published on June 3 forecasts that Latvia will experience the weakest economic growth among the Baltic countries in 2024. The OECD projects that Latvia’s gross domestic product (GDP) will grow by only 1.1% this year. In 2025, Latvia’s economy is expected to grow by…
The introduction of the euro in Bulgaria has stirred many questions that, according to financier Boris Petrov, should have been addressed much earlier. Speaking to Bulgarian National Radio, he noted that the public’s lack of understanding of the benefits of euro adoption had been overshadowed by ongoing political instability. Petrov believes these concerns are being…
In 2025, the National Asset Recovery and Management Agency (ARMA) directed over 4 billion UAH to the state budget of Ukraine. Of this amount, 2.3 billion UAH was transferred to the Fund for the Elimination of the Consequences of Armed Aggression – an important tool for the restoration of affected territories and support for citizens…
Over the past week, under the Government’s Affordable Loans at 5-7-9% programme, entrepreneurs secured 527 preferential loans totalling UAH 1.4 billion from authorised banks, including 345 loans worth UAH 0.8 billion from state-owned banks. Since the start of 2025, the Affordable Loans at 5-7-9% programme has facilitated 11,733 loans amounting to UAH 36.8 billion, of…
Cash holdings in Bulgaria remain high, with over 30 billion leva reportedly kept outside the banking system. The Association of Bulgarian Banks has urged citizens to deposit these funds into banks ahead of the country’s planned eurozone entry. James Yolovski, Secretary General of the association, explained this during an interview with Bulgarian National Radio. Positive…
Since the resumption of registry operations in 2025, 2,334 Ukrainians have taken advantage of the affordable mortgage programme eOselia, securing loans totalling UAH 4.3 billion. This was announced by Andrii Teliupa, Deputy Minister of Economy. “The eOselia programme offers flexible and attractive conditions for obtaining a loan to purchase a home. Since its launch, 17,174…