The Specialized Prosecutor's Office is launching an investigation into the record high prices of electricity traded on the energy exchange. Last week, employers' organizations sent a letter to this country’s caretaker Premier Stefan Yanev requesting urgent action on the electricity prices. In August, the price of electricity on the energy exchange in the Day Ahead segment exceeded EUR 205/MWh.
The Specialized Prosecutor's Office requested documents and information from various institutions such as the Ministry of Energy, the Bulgarian Energy Holding and the Independent Bulgarian Energy Exchange (IBEX). The State Agency for National Security (SANS) is also expected to undertake inspections.
Bulgaria has until 21 November to decide how to proceed with the Lukoil Neftochim refinery, Prime Minister Rosen Zhelyazkov said on Thursday ahead of a meeting of EU leaders in Brussels. He was apparently referring to the end of a US Treasury..
The Bulgaria army will make up for the lack of personnel but not immediately. For 2025, we have money to hire only 1,000 new soldiers, said Defense Minister Atanas Zapryanov before the relevant parliamentary committee. The committee supported the..
Bulgaria remains a net exporter of electricity and one of the pillars of the energy system in Southeast Europe. Electricity exports exceed imports by 3.1% in 2024. According to this indicator, the country ranks 11th in Europe. Among the..
The President of the “Renew Europe” group in the European Parliament, Valérie Hayer, called on the European Commission to urgently send a mission to..
Bulgaria could run into fuel shortages if the Lukoil Neftochim refinery stops operating, former Prime Minister and GERB leader Boyko Borissov warned on..
The Institute for Computer Science, Artificial Intelligence and Technology (INSAIT) at Sofia University ‘St. Kliment Ohridski’ has released SPEAR-1, an..
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