Bulgarian garment companies are struggling to find new markets due to the recent increase in tariffs on industrial goods under Donald Trump’s administration. Business owners are grappling with important questions: will Chinese imports shift towards Europe? Will local producers face a serious blow, leading to a market flooded with cheaper, lower-quality clothing? And could this…
The Prime Minister Denys Shmyhal and the World Bank’s Managing Director of Operations Anna Bjerde discussed the implementation of joint projects, launching new initiatives and attracting funding next year. The meeting took place in Washington, DC. The Head of the Ukrainian Government emphasized that the Ukraine Relief, Recovery, Reconstruction and Reform Trust Fund (URTF), established…
The National Real Estate Association has raised concerns regarding the proposed Bill on Real Estate Brokers, submitted by MP Valeri Plamenov Lachovski and others. According to the association, the draft law fails to adequately define the responsibilities of real estate brokers during transactions. Real estate transactions involve a multifaceted process aimed at safeguarding the financial…
Minister of Finance of Ukraine Sergii Marchenko addressed the G7 Finance Track meeting during his working visit to Washington, D.C., for the IMF and World Bank Spring Meetings. The meeting brought together finance ministers and central bank governors from G7 countries, as well as leadership from the IMF, World Bank and European Commission. Discussions focused…
Prime Minister Denys Shmyhal met with representatives of American businesses to outline the key benefits of investing in Ukraine. The event took place on April 23, in Washington, DC. “Investments in Ukraine are investments in a future member of the European Union,” he said. Denys Shmyhal stressed that Ukraine had begun accession negotiations with the…
Macroeconomist Stoyan Panchev, an analyst from the Expert Club for Economics and Politics, warned that Bulgaria could face significant challenges if it rushed into joining the eurozone, particularly concerning the budget deficit. Speaking to Bulgarian National Radio (BNR), Panchev stated that while inflation might seem manageable, the real issue could arise from the deficit once…
Bulgarian Posts will carry out the exchange of levs into euros in 2,230 post office locations across the country, according to an official statement from the postal operator. The complete list of participating offices is now available on the company’s website. At these locations, individuals will be able to exchange lev banknotes and coins into…