TPP Maritza East 2 will sell 1 million megawatt-hours of its electricity on the regulated market for a period of one year. This has become clear from an order signed by Minister of Energy Andrey Zhivkov. The goal is avoiding stop of operation of the power plant because of inability to sell its expensive electricity on the free market.
The ministry says that the measure is temporary and is being taken because the TPP is needed to cover domestic consumption. It is yet to be seen what the effect of the minister's order on the price of electricity for households will be. The price is expected to rise by an average of 3% from July 1.
Bulgaria’s position on the Gaza Strip remains unchanged. The priority is direct dialogue with Israel, aimed at improving the humanitarian situation in Gaza and achieving a lasting peace based on the two-state solution, the Bulgarian Ministry of..
Bulgaria’s National Assembly has passed, at second reading, amendments to the Road Traffic Act. Municipal cameras and those from the national toll system will now be used to detect speeding violations. The changes allow for the introduction of..
Bulgaria retains 13th place in the Henley Passport Index, having climbed 8 positions over the past 10 years, according to the website of the London-based citizenship and residency consultancy Henley & Partners. The Henley Passport Index ranks 199..
According to forecasts by industry representatives, the introduction of the euro is expected to impact property prices in Bulgaria . Some predict price..
The National Assembly adopted a declaration condemning the ongoing war against Ukraine and the political repression of Vladimir Putin's regime with 112..
By the end of the second quarter of 2025, a net monthly income of BGN 2,748 (€1,331) is required to support a household of two adults and a child under..
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