According to the new models in the Integrated Energy and Climate Plan, the share of energy produced by RES in Bulgaria is expected to reach an average of 40% by 2030, BTA has reported.
Until 2025, the country will continue to rely on the existing coal capacities, which would participate in covering consumption on a market basis, Deputy Minister of Energy Iva Petrova pointed out at an energy forum organized by Capital media. After 2030 however, Bulgaria must give up on coal at the expense of RES, which will produce 11 gigawatts of electricity. When it comes to nuclear energy, about 2 gigawatts of new nuclear capacities are planned in the period 2035 - 2040, Petrova added. The introduction of storage capacities is also envisaged. In the medium-term and long-term perspective, new pumped hydroelectric energy storage capacities are also planned.
Prokopan is the only railway tunnel on the Plovdiv-Burgas line. This became clear during a visit by Deputy Minister of Transport Lyuben Nanov, who was on-site to see the progress in the modernization of the Orizovo-Mihaylovo railway section. The..
Unemployment benefits in Sofia continue to be above the minimum wage, according to the latest data from the National Social Security Institute. It is the highest in the country and is on average 1,145 leva (585.43 EUR). The lowest unemployment..
"Yes, Bulgaria" party (part of "Democratic Bulgaria") have defined the budget for next year as an "economic tsunami". MP Ivaylo Mirchev was firm that the pary will oppose it when the project comes up for discussion in parliament. "Yesterday we were..
The Ministry of Finance and the Bulgarian National Bank are organizing a high-level conference today titled ''Bulgaria on the Doorstep of the Eurozone''...
Bulgaria relies on the efforts of honorary consuls from around the world to help establish new partnerships in the fields of economy, trade, innovation,..
The euro will help, but it does not on its own guarantee higher standards of living, said Kristalina Georgieva, Managing Director of the International..
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