Bulgarian enterprises say they are worried how the country plans to comply with the EU’s recommendations to cut down on natural gas consumption by 15%.
According to Bulgarian Industrial Association estimates, this means reducing consumption during the coming winter by around 475 million cubic metres. Businesses with a continuous production process are particularly worried. The government has not said exactly how the reduction is going to take place as yet, or whether it will affect all gas consumers in the country. An unforeseen reduction of gas consumption will lead to problems with the performance of contracts already concluded and to a shrinkage of the production of industrial enterprises, the Bulgarian Industrial Association says.
At a meeting in parliament in the presence of the party leaderships, the GERB-SDS coalition and the DPS-New Beginning party agreed on a full mandate to govern and fulfil the commitments for Bulgaria’s Euro-Atlantic orientation. This..
On October 21, the Ministry of Finance assumed domestic debt and sold government securities for 145 million euros with 3-year maturity. In 2025, the state assumed domestic debt of 1.45 billion euros. Debt of 7.2 billion euros was..
Foreigners often want to pay in euros. The reason is that the goods already have a price in the European currency, the commercial establishments in Kyustendil say. Sellers have some difficulties explaining that this cannot be done..
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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