Nine Member States in the European Union produce lignite, also called 'brown coal', for electricity and heat production, Eurostat data show. Germany is the main producer and accounted for about 45% of total EU lignite production in 2018 followed by Poland (16%), Czechia (11%), Greece (10%), Bulgaria (8%) and Romania (6%).
In 2018, 9% of the total gross electricity produced in the EU was based on lignite, the same as the amount of electricity produced from other bituminous coal and more than double the amount from solar photovoltaic.
But Bulgaria is among the most heavily dependent countries on lignite, the most low-calorie and most polluting kind of coal. Czechia derives 43% of its electricity from lignite, Bulgaria (38%), Greece (32%) and Poland – 29%.
The financial situation in the country is critical, Finance Minister Temenuzhka Petkova says. Which means that the good news – the slowing inflation rate (on an annual basis) and Bulgaria’s full accession to the Schengen area at the beginning of the..
Moody's Ratings has affirmed Bulgaria's long-term and short-term rating at Baa1 with a stable outlook. The affirmation of Bulgaria's Baa1 rating reflects the rating agency's expectations that Bulgaria's debt and creditworthiness indicators will remain..
On January 27th, government securities for 150 million euros (300 million leva) will be offered on the domestic market , the Bulgarian National Bank (BNB) announced. The bonds will have a maturity of 7 years and an annual interest rate of 3.25%. On..
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