Text size

Business consumers to be compensated for high energy costs

published on 9/18/24 3:06 PM

Photo: BTA

All non-household consumers will be compensated for the high cost of electricity by the end of the year, the government has decided.

The European Commission has given the green light for the subsidy, the energy minister said. According to preliminary estimates, €280.7 million will be needed to compensate companies from July until the end of the year.

"These funds will be provided entirely from the current - and future - revenues of the Electricity System Security Fund. We do not foresee any contribution from the state budget for this measure," said Energy Minister Vladimir Malinov.

Последвайте ни и в Google News Showcase, за да научите най-важното от деня!

Radio Bulgaria Economy compensation high electricity prices vladimir malinov

More from category

Romania launches feasibility study for the construction of a second bridge over the Danube River between Giurgiu and Ruse

The Romanian National Company for Road Infrastructure Administration (CNAIR) has announced a tender for a feasibility study for the construction of a new bridge over the Danube River between Giurgiu in Romania and Ruse in Bulgaria, reports..

published on 9/17/24 10:05 AM

The Sumitomo Electric Bordnetze factoriy in Mezdra, Bulgaria.

Japanese cable factory moves production out of Bulgaria, citing high costs

Japan's Sumitomo Electric Bordnetze plans to cease operations at one of its factories in Bulgaria, located in Mezdra, by 2025. Its second factory in Karnobat will continue to operate at reduced capacity, BTA reported. The decision comes as the company..

published on 9/15/24 5:00 PM

Petko Nikolov, minister of economy, visits state dairy LB Bulgaricum.

State dairy company LB Bulgaricum starts modernisation of its plant in Vidin

State-owned dairy company LB Bulgaricum will start modernising its production facility in Vidin in September. The first step will be to renovate the refrigeration units and repave the alleys leading to the workshops and the car park in..

published on 9/15/24 9:05 AM