TPP Maritza East 2 will sell 1 million megawatt-hours of its electricity on the regulated market for a period of one year. This has become clear from an order signed by Minister of Energy Andrey Zhivkov. The goal is avoiding stop of operation of the power plant because of inability to sell its expensive electricity on the free market.
The ministry says that the measure is temporary and is being taken because the TPP is needed to cover domestic consumption. It is yet to be seen what the effect of the minister's order on the price of electricity for households will be. The price is expected to rise by an average of 3% from July 1.
The European Commission has approved 70 projects across the EU , worth more than €600 million , to support alternative fuels and reduce vehicle pollution. Bulgaria is participating in two of these projects and will receive funding to install charging..
Bulgaria’s GDP is expected to grow 3% this year, the European Commission said in its Autumn Economic Forecast, as reported by BTA. The projection marks an upgrade from the 2% growth rate estimated in the Commission’s spring outlook. The expected GDP..
Bulgaria has no additional conditions from the United States for the exception of the sanctions imposed on Lukoil to enter into force, Minister of Energy Zhecho Stankov told BNT. If necessary, the postponement of the sanctions against Lukoil can be..
Bulgaria’s GDP is expected to grow 3% this year, the European Commission said in its Autumn Economic Forecast, as reported by BTA. The projection marks..
In 2026, Bulgaria will assume the presidency of the EU Strategy for the Danube Region for the second time. The symbolic handover of the presidency took..
The European Commission has approved 70 projects across the EU , worth more than €600 million , to support alternative fuels and reduce vehicle..
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