economy

It is now official – Bulgaria will become the 21st member of the euro area. This concludes a years-long process of preparing the country to join the monetary union. The first euro coins and notes will appear in Bulgarian wallets on January 1, 2026. In June 2025, EU finance ministers unanimously approved Bulgaria’s entry into the eurozone. The Bulgarian lev will be replaced by the euro at the beginning of 2026, with the exchange rate set at 1 euro = 1.95583 leva.

On July 3, the Ministry of Economy of Ukraine presented its 2030 Employment Strategy aimed at supporting economic development by reducing unemployment, ensuring equal access to quality jobs, supporting SMEs, and increasing market flexibility. The Strategy is intended, among other things, to facilitate the creation of new jobs and reform the employment service system. It appears that the government’s primary focus will be on reactivating the economically inactive population, which exceeds 12 million people, and achieving a target of 20 million employed citizens.

How can the European Union woo Donald Trump? Why immigration is beneficial and morally right? And what is the EU\'s potential for change and reform? Leszek Jazdzewski (Fundacja Liberte!) talks with Philippe Legrain, a former economic adviser to the president of the European Commission, a Visiting Senior Fellow at the London School of Economics’ European Institute.

In September 2024, the business climate in Ukraine shows positive changes. In recent months, companies\' production and financial performance have increased, and expectations for further development remain optimistic.

The key elements of a stable and sustainable pension system are long-term sustainability and the shared responsibility between the citizens and the state for a dignified and well-funded old age. However, the political parties that entered the elections in Lithuania have little regard for the worsening demographic trends.

The LFMI is excited to announce the launch of a new podcast, Beyond Economics and Back, available now on YouTube and Spotify. This engaging podcast brings together experts from various fields to explore liberty and free markets beyond the usual economic discussions, offering fresh perspectives on human agency, dignity, and freedom.

Regulations are suffocating our freedoms, interfering with our lives, livelihoods, and comforts. Freedoms should be the priority of decision makers, but even the most basic freedoms such as those of trade and movement, vitally important principles in the EU, were set aside on the pretext of the COVID-19 pandemic.

Farming is becoming a hot topic in the most powerful rooms in Brussels. But unlike those working in agriculture, EU politicians are oblivious to temperature change. The complexities of agriculture merit more attention from European politicians than what it currently gets.

New member states from CEE have come a long way in the last two decades, building upon their competitive advantages, expanding economic freedom and seizing the opportunities of the European Single Market. 

Together, the V4 countries are the fifth largest economy in Europe and 12th globally. The region would rank as the 22nd most populous country in the world and 4th in Europe (64 million people) with most people living in Poland (38 million), followed by the Czech Republic (11 million), Hungary (10 million), and Slovakia (5.5 million).