Natsionalna Elektricheska Kompania (NEK) and the Kozloduy nuclear power plant will continue working on their framework agreements and public procurement contracts with Russian companies. This was what the cabinet decided after the EU allowed Bulgaria to use a derogation on this issue from the sanctions, the newspaper "24 Chasa" reports.
Nuclear energy is unlikely to be included in EU's new package of sanctions against Russia, Politico writes. The article refers to a diplomatic source in Brussels saying that Bulgaria is against these sanctions, as the country exports electricity to Greece and the Western Balkans, produced in a nuclear power plant operating with Russian technology.
After the election for parliament on 27 October, the caretaker government has to submit a draft of a budget for 2025 to parliament by the end of the month. Some economic analysts say the budget of the country for 2024 is the worst in the past decade. Holes..
Bulgaria's economy will grow by 2.3 per cent this year. This is according to the latest World Economic Outlook prepared by the International Monetary Fund and presented today in Washington. This is down from the Fund's April estimate, which predicted that..
In 2023, the government budget deficit was 2% of GDP or €1.9 billion. This is indicated by the final data of the National Statistical Institute. This is a significant narrowing of the budget deficit compared to the previous 3 years...
Urgent reform of Bulgaria's planning districts is needed, local authorities insist.The current regionalization shows increasing economic imbalances in..
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