Electricity prices in Bulgaria are 50 percent higher than those in the main export markets for Bulgarian industry - Germany, Italy, France, Austria. This is stated in a letter from the Association of the Organizations of Bulgarian Employers to the Prime Minister. Industrialists are to start preparing for nation-wide protests if the government did not take measures against the artificial deficit created in order to maintain high prices. It is pointed out that some of Bulgaria's main power plants work at 25% of their capacity while at the same time electricity is exported abroad.
"The situation has deeply aggravated the competitive position on the pan-European market, which shows unacceptable and irresponsible behavior of the competent institutions," the letter reads.
The World Bank predicts a more moderate improvement in Bulgaria's economic growth in 2024 and 2025. In its latest report "Global Economic Prospects" the institution expects a slight acceleration in Bulgaria's GDP growth from 1.8% in 2023 to 2.1% in..
Bulgaria is interested in participating as a co-shareholder in the initiative to create a "green" corridor for the transmission of "green" energy produced in Azerbaijan to Europe, caretaker Premier Dimitar Glavchev said at a meeting in Berlin with the..
While ballots were being counted in Bulgaria and Europe after the parliamentary elections, on June 10 the Ministry of Finance sold government debt for nearly EUR 200 million. It was announced that bonds worth 100 million EUR would be..
The Bulgarian National Bank (BNB) announced that it is lowering the base interest rate to 3.63% as of July 1. In May and June, the base interest rate..
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