There are overwritten capital costs in the 2023 budget draft, the President of the Confederation of Independent Trade Unions in Bulgaria (CITUB) Plamen Dimitrov said, BTA informed. The capital expenditures are set for a little over EUR 5 billion, given that the country has never executed more than EUR 3.75 billion in capital expenditires, Plamen Dimitrov said and added that there is a EUR 1-1.5 billion buffer that should be eliminated.
In his words, the funds for the maintenance of the ministries and departments are inflated by EUR 750 million. Meanwhile, the wages and salary costs are underestimated, Plamen Dimitrov argued. According to him, tax revenues are also underestimated- the country’s gross domestic product is expected to increase by nearly EUR 10 billion and tax revenues usually account for 40% of the GDP. The CITUB President argued that things can be balanced in several ways - with an increase in tax revenue collection or with tax restructuring.
Bulgaria has today received its first delivery of natural gas from the new Alexandroupolis terminal in Greece. The facility has been in commercial operation since 1 October this year and Bulgaria owns 20% of the project, which diversifies LNG supplies..
The final price proposed by Bulgargaz for the sale of natural gas to its customers in October is BGN 63.72 (EUR 32.58) per megawatt-hour before tax. The 3% price increase is expected to be approved by the Energy Regulatory Commission. The October price..
T he LNG terminal near the Greek town of Alexandroupolis has officially srarted commercial operations today, the Greek company Gastrade announced. The facility features state-of-the-art technology with a maximum regasification capacity of 5.5 billion..
Bulgaria has today received its first delivery of natural gas from the new Alexandroupolis terminal in Greece. The facility has been in commercial..
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