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How a small business from Bulgaria painted its way out of crisis

4 mins read

The FINANCIAL — Escreo is a company specialising in dry-erase paint that can transform any flat surface into a whiteboard. The company undertook an IT project with the support of one of the newest donors in Bulgaria, the European Union’s Horizon 2020 programme. The EBRD recently celebrated an important milestone: 30,000 advisory projects with small and medium-sized enterprises (SMEs) across 30 economies. Behind…

World Bank Report: Bulgaria’s industry adopted AI solutions

5 mins read

The FINANCIAL — Bulgaria has large numbers of artificial intelligence (AI) players across industry, research and startups relative to the size of its economy, finds the latest World Bank report called Europe 4.0: Addressing the Digital Dilemma, which was launched today. The country’s AI adoption compares to the one in Malta, Estonia and Cyprus, although countries in…

External Merchandise Trade of Georgia in January – August 2020

3 mins read

National Statistics Office of Georgia published preliminary data of the External Merchandise Trade of Georgia in January-August 2020. the external merchandise trade (excluding non-declared trade) of Georgia amounted to USD 7 022.8 million, 16.7 percent lower to the same period of 2019. The exports equaled USD 2 071.4 million (14.7 percent lower), while the imports stood…

Georgian domestic exports are down by 14.7% in Jan-Aug 2020

3 mins read

The FINANCIAL — National Statistics Office of Georgia published data of Domestic exports of Georgia (January – August 2020). In January-August 2020 the exports of Georgia (excluding non-declared exports) equaled USD 2 071.4 million, 14.7 percent lower year-on-year. Share of the domestic exports in total export constituted 51.0 percent and amounted to USD 1 055.8…

Top trading partners of Georgia (January – June 2020)

4 mins read

The FINANCIAL — National Statistics Office of Georgia published preliminary results of External Merchandise Trade of Georgia and The Domestic Exports in January – June 2020. Copper ores and concentrates reclaimed the first place in the list of top export items, equaling USD 332.4 million, or 30.8 percent of total exports. In January-June 2020 the external merchandise…

Bulgarian growth rises above expectations

2 mins read

Bulgarian third-quarter growth came in at 3.7% YoY in line with most countries in the CEE region. This is pushing our GDP forecast 0.3ppt higher to 3.7% for 2019…