“Floating gas stations” in front of Bulgarian ports sell Russian fuel to passing ships

Two Russian tankers “Nikolay Velikiy” and “Nikolay Gamayunov” were refueling ships leaving the ports of Varna and Burgas on the border of Bulgaria’s 24-mile contiguous zone in the Black Sea. Risky offshore fueling was probably motivated by dumping prices, which were achieved after taxes and…

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Triple increase in the fee that Turkish citizens pay when going abroad

The fee for traveling abroad, which Turkish citizens pay, is increased from 150 to 500 Turkish lira (about 14 euros). The Ordinance was published in the issue of the Turkish State Gazette (Resmi Gazete) dated August 2, 2024.

The fee for going abroad is a type of tax that must be paid by…

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Russians or Russian companies have shares in nearly 12,000 companies in Bulgaria

Russian citizens or Russian companies participate in 11,939 companies in our country. This is clear from the answer of the Bulgarian Minister of Justice Maria Pavlova to a question posed by the parliamentarian Martin Dimitrov. He asked about the number of companies in Bulgaria in which…

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Bulgaria is selling dollar bonds for the first time in over 20 years

The caretaker government aims to cover 1.5 billion euros worth of bonds maturing next week

Bulgaria will offer US dollar-denominated bonds for the first time in 22 years as it tries to plug its budget deficit and pay off maturing debt amid a prolonged political crisis, Bloomberg…

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Serbia is preparing a great economic coup in the EU -europeantimes.news-

Serbia plans to take one of the leading places in the supply of lithium to the markets of European countries. The country’s president, Aleksandar Vucic, noted the possibility of producing about 58,000 tons of lithium per year in local enterprises.

If all this metal were sent to the…

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A Stable Yet Cautionary Outlook for Occupational Pension Funds -europeantimes.news-

The European Insurance and Occupational Pensions Authority (EIOPA) released its latest Risk Dashboard, providing insights into the health of Europe’s occupational pension funds, officially known as Institutions for Occupational Retirement Provision (IORPs). The findings indicate an overall…

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Ukraine will need nearly nine billion US dollars to restore its cultural sites and tourism, according to UNESCO -europeantimes.news-

Ukraine will need almost nine billion US dollars over the next decade to rebuild its cultural sites and tourism industry after the Russian invasion and war, UNESCO has announced, the Associated Press reported, cited by BTA.

According to UNESCO estimates, the country’s related cultural and…

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The “Kalashnikov” Group increases the production for the first half of the year by 50% -europeantimes.news-

The “Kalashnikov” Group has increased its military and civilian production by 50% in the first half of the year compared to the same period last year, it said in a press release onc.

It is in all directions – from the implementation of the volume of military production to the ongoing…

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European Commission Probes Delivery Hero and Glovo for Potential Anticompetitive Practices -europeantimes.news-

In a bold move to safeguard competition in the burgeoning online food delivery market, the European Commission has launched a formal antitrust investigation into two of Europe’s largest food delivery companies, Delivery Hero and Glovo. This investigation could have significant implications…

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275 million euros processed in FX transactions by iBanFirst Bulgaria in 2024 -europeantimes.news-

In the first half of 2024 the leading global provider of foreign exchange and international payments for businesses, iBanFirst,  processed 275 million euros in FX transactions for Bulgarian trading companies. In comparison to the same period last year this is an increase of 90% that was driven…

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Startup raises €1 million in one day from European private investors via SeedBlink -europeantimes.news-

In a remarkable achievement, .lumen, the startup dedicated to enhancing the mobility of the blind and visually impaired, has raised €1 million from private investors in one day. This milestone follows an extraordinary pitch event of the Glasses for the Blind held on July 16 where over 600…

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