The European Commission (EC) forecasts that Latvia will experience the weakest economic growth among the Baltic States this year. According to the EC’s latest economic forecasts, Latvia’s gross domestic product (GDP) is expected to grow by just 0.5% in 2025. This is a downward revision from the 1% growth projected in November. At the same…
In April, Bulgaria’s inflation rate reached 2.8% YoY, marking an increase of 0.3% compared to the same month in 2024, when it was 2.5%, according to Eurostat. This development comes as the country anticipates a positive convergence report on June 4, a critical step toward adopting the euro on January 1, 2026. According to Finance…
The European Bank for Reconstruction and Development (EBRD) has introduced its Star Venture programme in Bulgaria, aiming to provide strategic support to high-potential startups. After a competitive selection process, 15 startups presented their business concepts at the Planet Schwarz Tech Theatre in Sofia, with six emerging as the final winners. The selected startups – THE…
During the Investor.bg Banking Today conference, held on May 13 at the Inter Expo Center, Prof. Raul Eamets emphasized that Bulgaria was practically already linked to the euro due to the currency board. Eamets, a former member of the Supervisory Board of the Estonian Central Bank and chief economist at Bigbank, questioned the opposition to…
Kyiv City Council approved the transfer of financial assistance to two cities of Ukraine – Kryvyi Rih and Konotop. The relevant agreements were signed on May 2. Such decisions were made on May 15, at a plenary session of the Kyiv City Council. Thus, the Kryvyi Rih city territorial community will receive 8 million hryvnias…
As of April 1, the old external loan debts of Ukrainian enterprises reached about $21 billion, of which $14 billion is the principal amount and over $7 billion is interest. The relevant statement was made by National Bank of Ukraine (NBU) Governor Andriy Pyshnyy. “The old external loan debts of enterprises are colossal. As of…
At the start of 2025, Slovak households began to feel the full impact of government austerity measures aimed at consolidating public finances. A hike in value-added tax (VAT) and a cut to the child tax bonus have pushed up inflation, further eroding household purchasing power. The anticipated tax increases prompted many families to stock up…