"Bulgaria has a broader set of tools to address the energy crisis which has affected Europe. There are many thermal power plants in Bulgaria using local coal. The cost of electricity produced in coal-fired power stations is lower than the cost of electricity produced in gas-fired power plants", the newly-appointed Chairman of the Energy and Water Regulatory Commission (EWRC) Stanislav Todorov said for the BNR.
"Bulgaria does not have a strong incentive to raise electricity prices after the end of the moratorium on the prices of electricity for households, because there is no power shortage in the country", Stanislav Todorov pointed out. He added that the current energy crisis was caused by geopolitical factors. Trading the whole electricity on the day-ahead market in times of crises and uncertainty is wrong and this needs to be changed, the Chairman of the Energy and Water Regulatory Commission further said.
In 2023, the government budget deficit was 2% of GDP or €1.9 billion. This is indicated by the final data of the National Statistical Institute. This is a significant narrowing of the budget deficit compared to the previous 3 years...
A forum entitled "Career and Life - Why in Bulgaria?", organized by the Bulgaria Wants You platform, was held at the Royal Geographical Society in London on October 20. The event, which took place for the second time, attracted significant..
International rating agency Fitch Ratings has affirmed Bulgaria's long-term foreign and local currency credit rating at BBB with a positive outlook, the Finance Ministry said. The positive outlook reflects the country's prospects for eurozone..
The Russian state oil company Lukoil has plans to sell its Bulgarian refinery Neftochim based in Burgas on the Black Sea Coast. It is the largest in the..
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