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 nominated person for special manager for the four companies of "Lukoil Bulgaria" is Rumen Spetsov, Minister of Economy, Petar Dilov, said. "He meets all legal requirements", Dilov added. The decision was discussed at the Security..
We hope that today Bulgaria will receive a derogation from the US sanctions against Russian company Lukoil, such as the one in Germany - for 6 months. This was what Boyko Borissov, leader of the GERB party, said. In anticipation of..
The European Commission has temporarily put on hold the preliminary assessment of Bulgaria’s request for the third payment under the national Recovery and Resilience Plan, amounting to EUR 1.6 billion, informed sources in Brussels told BNR...
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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