Since the beginning of 2023, electricity exports from Bulgaria have decreased by 66%. Electricity production has decreased by one-fifth compared to the same period in 2022. There has been a decrease in electricity consumption in Bulgaria, the region and in Europe, the Executive Director of the Electricity System Operator Angelin Tsachev said for the Bulgarian National Radio.
"Europe as a whole has entered a recession and there has been a serious reduction in electricity consumption. On the other hand, there has been a serious reduction in the price of natural gas, which has led to a reduction in the price of electricity in general. The issue of electricity imports is become increasingly topical, because of the lower prices, Currently, we are not importing electricity from cheaper gas-fired power plants. However, we are importing electricity from Romania, produced by Romanian hydroelectric power plants. Its price is much lower and it is quite normal for the Bulgarian market to benefit from this", Angelin Tsachev explained.
According to Eurostat estimates, price growth in the EU slowed down to 2.4% year-on-year in April 2025, compared to 2.5% in March. According to data reported by BTA, Bulgaria's annual inflation rate slowed down to 2.8% in April, down from 4% in March..
'The land of the rising sun' — this evocative name resonates beautifully with Bulgarians. The country is also known as the 'cherry blossom garden' and the 'mighty financial powerhouse'. These descriptions are all accurate, sparking the interest of..
Bulgaria will meet the price stability criterion for joining the eurozone without the need for subjective calculations, said the Institute for Market Economics (IME), which refers to inflation data in recent months. Following a positive..
Clear