"Bulgaria has a broader set of tools to address the energy crisis which has affected Europe. There are many thermal power plants in Bulgaria using local coal. The cost of electricity produced in coal-fired power stations is lower than the cost of electricity produced in gas-fired power plants", the newly-appointed Chairman of the Energy and Water Regulatory Commission (EWRC) Stanislav Todorov said for the BNR.
"Bulgaria does not have a strong incentive to raise electricity prices after the end of the moratorium on the prices of electricity for households, because there is no power shortage in the country", Stanislav Todorov pointed out. He added that the current energy crisis was caused by geopolitical factors. Trading the whole electricity on the day-ahead market in times of crises and uncertainty is wrong and this needs to be changed, the Chairman of the Energy and Water Regulatory Commission further said.
Bulgaria and India will intensify their cooperation in various sectors of mutual interest. This was discussed at a meeting of the Bulgarian Minister of Economy Petko Nikolov with Ambassador of India to Bulgaria H.E. Sanjay Rana. The two focused..
On October 31, 2024, 10 business leaders in Bulgaria founded the first Bulgarian-Czech Chamber of Commerce in the country. At the Embassy of the Czech Republic in Sofia, in the presence of Martin Dvořák, Minister of European Affairs of the Czech..
In the space of 15 years, from 2005 until 2020, 75% of the farms in the country have disappeared – from 500,000 in 2005 down to 132,000 in 2020, said Prof. Dr. Bozhidar Ivanov, Director of the Institute of Agrarian Economics at an international..
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