Government extends electricity subsidies for businesses till the end of April

published on 3/14/22 1:28 PM

Prime Minister Kiril Petkov after a meeting with employers on March 14. 2022.

Photo: BGNES

Bulgarian citizens should not give in to panic, Prime Minister Kiril Petkov urged after a meeting with employers. He was adamant that there would be no shortage of goods.

We are putting out fire after fire, Petkov said, adding that there is speculation on the market. As for inflation, prices are expected to rise by a few percent, not in multiples. "We will be careful to limit the impact on inflation. Don't fall for fake news," the prime minister said.

Compensation to companies for the increased electricity prices will be paid in April, too, as decided by the government. "Bulgaria is in the middle of an almost perfect storm," Petkov said, pointing out that in 90 days the cabinet is expected to solve the problems in the energy sector, which have accumulated over the years. The prime minister asked businesses to sign long-term contracts for electricity supply after the end of April.

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Government extends electricity subsidies for businesses till the end of April

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