“Because of the rising prices on the energy exchange businesses will receive compensations from the state for December, as well as for the first quarter of 2022,” Minister of Energy Alexander Nikolov announced.
The companies which have long-term contracts at a base price of at least 185 Leva (EUR 95) per MWh will receive compensations of 75% of the difference between the electricity exchange price and the price estimate, though not more than 30% of the actual price. Compensations are also envisaged for the district heating utility companies because of the rise in the price of natural gas. The measures announced have to receive approval from the European Commission which has to determine whether the assistance breaks competition rules or not.
Kiril Petkov announced at a briefing that he is taking political responsibility and resigning as co-chair of "We Continue the Change" (part of the PP-DB coalition, which has the second largest number of MPs in the National Assembly)..
A Japan-Bulgaria business forum on the topic of "Infrastructure, Energy and Digitalization" was held in Sofia. "Bulgaria has a whole palette of advantages. However, they are little known in Japan. Our task is to provide much clearer..
During joint inspections by the National Revenue Agency, the Commission for Protection of Competition and the Commission for Consumer Protection, price increases of between 5 and 83% were found. The chair of the Commission for..
A large fire stretching about 10 kilometers is burning east of the town of Karnobat, Burgas district, reported the mayor of Karnobat Municipality..
At a Sofia City Council (SCC) briefing, municipal officials who recently left the We Continue the Change (PP) party declared they would not be complicit..
A vibrant and free-entry event will mark the beginning of the summer mountain tourist season in the Rhorope town of Chepelare. Starting on June 27 at 6:00..
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