The termination of the long-term contracts with the thermal power stations “Maritsa Iztok-1” and "Maritsa-Iztok-3” (owned by the US companies АES and ContourGlobal respectively) is to take place by 30 June, 2021, as set down in the market reform schedule of the electric energy industry which the Ministry of Energy has sent the European Commission, BTA reports.
The contracts for the purchase of electric energy from the two power plants were signed by the National Electricity Company in 2001 by the government of Ivan Kostov. Terminating the existing long-term contracts is dictated by the EU rules regarding state aid and the planned wholesale market changes for the deregulation of the market.
The assets of private pension funds have reached EUR 13 billion. According to data from the Financial Supervision Commission, they have increased by more than 20% compared to the same period last year. As of September 30, 2024, the number of..
There has been an upsurge in the economy in every region of Bulgaria, the effects of the Covid crisis have been overcome, tourism has fully recovered, which is evident in Bulgarian seaside regions and spa resorts - this is the conclusion that is drawn..
More than EUR 1 billion will be invested in agriculture and rural areas in Bulgaria in 2025. According to a decision by the Monitoring Committee of the Strategic Plan for Agricultural Development, the funds are aimed at modernizing agriculture and..
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