"Bulgaria still depends on Russia for a number of parts and equipment for its nuclear power plant. We need them for the forthcoming planned repairs and maintenance", caretaker Minister of Energy Rosen Hristov said for the BNR with regard to the cabinet’s decision to approve a derogation of the EU sanctions against Russia enabling the Kozloduy NPP to purchase spare parts, materials and services.
"We are looking for alternative suppliers who can provide Bulgaria with such equipment and spare parts in the long term. We are working with all countries with such nuclear reactors. The key issue is to ensure Bulgaria's energy security and the operation of the Kozloduy NPP", Minister Hristov said. Rosen Hristov noted that this is not a one-off derogation and that such a derogation will be necessary in the future, because there are no substitutes for more than 40 components supplied by Russia.
The Bulgarian National Bank (BNB) has revised upwards its expectations for Bulgarian economic growth in 2025 but lowered its GDP growth forecast for 2026, it transpired from the Bank's regular quarterly Macroeconomic Forecast. In its March..
Bulgaria’s debt for 2024 amounts to BGN 48.846 billion (EUR 24 billion), or 24.1% of the country’s GDP, preliminary data from the National Statistical Institute (NSI) show. In 2023, the country's debt was BGN 42.383 billion (EUR 20.8 billion), or..
A working individual living in a one-person household needs a net monthly income of 1,521 BNG (EUR 747) to cover basic needs. A three-member household needs 2,738 BGN (EUR 1,344). The income needed to cover minimum living costs increases by..
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