Compensation for business proposed by the government due to high electricity prices is not enough and may lead to a sharp economic decline, rise in unemployment and social tensions. This was what representatives of employers' organizations said at a meeting with President Rumen Radev. According to them, the proposed compensation ceiling of 30% of the difference between the actual market price of electricity for a month and the price defined by the moratorium for households made the measure ineffective and called for compensation of 75%.
President Radev called for “swift and highly-responsible actin so as to neutralize the consequences of the energy price crisis because the energy industry is the fundament for the development of any economy.” In his words this is directly connected with curbing inflation and improving the living standards of the population.
The Council of Ministers decided to close the honorary consulate of Bulgaria in Montreal, Canada. The consular district is being closed at the request of the former Honorary Consul Georgi Panicherski, who requested to be released from his..
Bulgarian prosecutors and the FBI have worked together to uncover an embezzlement scheme involving Ruja Ignatova , acting Prosecutor-General Borislav Sarafov said. Ignatova will be tried in absentia. A procedure to confiscate her illegally acquired..
A contractor has been selected to supply 35 electric railcars, Transport Minister Georgi Gvozdeykov announced at the Green Transition Forum 4.0 in Sofia. The trains will be purchased with funds from the Recovery and Resilience Plan, he said. The..
The Bulgarian Development Bank (BDB) is starting "unlimited" financing for the country's defense industry. According to caretaker Minister of..
Caretaker Minister of Interior Kalin Stoyanov is attending the ministerial conference of the Salzburg Forum countries in Vienna, the Ministry of..
On Tuesday it will be mostly sunny before noon, with light to moderate east-northeasterly winds in the afternoon. Maximum temperatures will be between..
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