The business environment in Bulgaria has deteriorated further. We insist that the National Economic Council be convened, the President of the Bulgarian Industrial Capital Association Vasil Velev said for the BNR. Businesses in Europe receive compensations when electricity prices cross a certain threshold, while in Bulgaria this is not the case. "The retail price of electricity for households is lower than the wholesale electricity prices for the industry, while in Europe the average retail price of electricity for households/ wholesale price for the industry ratio is the opposite", added Vasil Velev.
In his view, the coal industries should be replaced by photovoltaics. "However, Bulgaria may lose European co-financing for this transition if it continues to delay its Recovery and Resilience Plan", Vasil Velev said. In the coming years, this country’s labor market will continue to lose 40 thousand people on an annual basis, the President of BICA predicted.
On Thursday, minimum temperatures will range from 15 to 22°C , in Sofia – 16°C. Heavy rain clouds will develop from the southwest to the east-northeast during the day, bringing short showers and thunderstorms. In the south, there will be intense rainfall..
One of the most prominent international journalists in Bulgaria, Konstantin Ivanov, passed away on July 28, 2018, at the age of 87 , announced the Union of Bulgarian Journalists on its website. “ Konstantin Ivanov had one of the brightest and..
Parliament has approved the introduction of enhanced price controls for a period of one year, starting on 8 August 2025. The measure was adopted at the second reading of the Law on the Adoption of the Euro in Bulgaria, BNR reporter Daniel Inkov..
''At least 870 people could benefit from the 'I Choose Bulgaria' initiative, which aims to attract them back to Bulgaria from abroad. Most of them will..
Public procurement tenders have been announced for the final 2.4 km of the railway line from Gyueshevo to North Macedonia, as well as for the..
More than 95% of the wildfires in the country are caused by negligence or intent, said Prime Minister Rosen Zhelyazkov after inspecting the measures..
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