“Because of the rising prices on the energy exchange businesses will receive compensations from the state for December, as well as for the first quarter of 2022,” Minister of Energy Alexander Nikolov announced.
The companies which have long-term contracts at a base price of at least 185 Leva (EUR 95) per MWh will receive compensations of 75% of the difference between the electricity exchange price and the price estimate, though not more than 30% of the actual price. Compensations are also envisaged for the district heating utility companies because of the rise in the price of natural gas. The measures announced have to receive approval from the European Commission which has to determine whether the assistance breaks competition rules or not.
Candidates for EU membership must abide by the criteria and conditions they have agreed to themselves . This was stated by Bulgarian Foreign Minister Georg Georgiev after a meeting in Sofia with his German counterpart Johann Wadephul, BGNES..
During his visit to Bulgaria, which coincided with the signing of the Gaza agreement in the Egyptian resort of Sharm el-Sheikh, the German Foreign Minister Johann Wadephul commented on the ceasefire between Israel and Hamas. Bulgaria and..
The relations between Bulgaria and Germany are excellent. Germany is among our closest strategic partners. This was stated by Foreign Minister Georg Georgiev after a meeting with his visiting German counterpart Johann Wadephul. The two discussed..
A themed exhibition dedicated to the pumpkin is one of the highlights of the traditional "Autumn Encounters with Plants" and the Days of Autumn..
On Wednesday, the lowest temperatures will range between 6°C and 11°C, around 7°C in Sofia. Cloud cover will remain significant over most of the..
The Ministry of Innovation and Growth is hosting a discussion on the topic "The Eurozone as part of the path to economic transformation". The press..
Cloudy
Overcast, rain
Mostly Cloudy
Rain