President Rumen Radev has vetoed the amendments to the Energy Act, by force of which the electricity market for household consumers will be fully liberalized by 2026.
“The standard of living for the majority of Bulgarian citizens remains the lowest in the EU, and the planned changes could make things even more difficult for the people who are finding it difficult to meet their basic living expenses,” the motives read. The president expresses doubts whether the transition period set down, during which as of 2024 household consumers will receive compensation, and in which a full liberalization of the market will be put in place at the end of 2025, will be effective. Rumen Radev also warns that closing down the public provider will lead to the swift closure of the Maritza Iztok mines.
“There is no risk of a sharp rise in prices,” said Prime Minister Nikolay Denkov in a comment on the veto by the president. “This liberalization had to happen, the regulation is from 2019. Bulgaria is running significantly late with regard to the agreements it has signed,” the Bulgarian prime minister said further.
On Monday, July 1, President Rumen Radev will hand the first exploratory mandate to form a government to the largest parliamentary group - GERB- SDS. The coalition's nominee for prime minister will have seven days to propose to the president the..
Infamous drug kingpin Brendo, on Interpol's red list since 2018, has been hiding in Bulgaria for two years. This was announced in Parliament by caretaker Interior Minister Kalin Stoyanov. Evelin (Brendo) Banev, who turned himself in at Sofia..
The Bulgarian Socialist Party (BSP) is insisting that equipment from the Belene nuclear power plant not be sold to Ukraine. The left-wing parliamentary group has submitted a draft resolution to the National Assembly demanding that negotiations between..
Metropolitan Daniil of Vidin has been elected as the new Bulgarian Patriarch. He received 69 votes. Metropolitan Gregory of Vratsa received 66 votes...
Tomorrow the weather in Bulgaria will be sunny, hot in the afternoon. Maximum temperatures will be mostly between 32°C and 37°C, in Sofia - around 32°C...
The enthronement of the newly elected Bulgarian Patriarch, Metropolitan Daniil of Vidin, is over. The new spiritual leader was welcomed in St...
+359 2 9336 661