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…
Reconstruction of destroyed housing, incentives for banks to participate in government programmes and active lending to small and medium-sized enterprises, increasing trust in government institutions and the banking sector – these and other issues were discussed by First Deputy Prime Minister and Minister of Economy of Ukraine Yuliia Svyrydenko with representatives of Ukrainian and international…
The base rate applied to the main short-term monetary policy operations was maintained at 4.75% annually. The decision was taken by the Executive Committee of the National Bank of Moldova (BNM) on December 15. Interest rates on overnight loans remained at 6.75% annually and on overnight deposits – at 2.75% annually. BNM noted that the…
Poland’s Consumer Price Index (CPI) eased to 6.6% YoY in November from 6.5% in October, stats office GUS data showed. The earlier flash estimate of the stats office showed a 6.5% CPI in November. In monthly terms, Poland’s consumer prices increased by 0.7% in November, while in October they were up by 0.7% compared to…