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.
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...
The leader of the ''Alternative for Bulgarian Revival'' party Rumen Petkov, MP Galin Durev from the coalition ‘'BSP – United Left’' and Iliyan Sarandaliev paid a visit to Moscow. They held meetings with Nikolay Shulginov, Chairman of the State Duma..
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..
On Tuesday, overnight lows will range from 7°C to 12°C, rising to 12–16°C in eastern Bulgaria and around 9°C in Sofia. It will be a cloudy day with rain,..
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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