Energy-intensive enterprises in Bulgaria are threatened to limit or close production due to high electricity prices. In budget 2024, there is no money envisaged for energy compensations for businesses, for hospitals, schools, kindergartens, and other non-household users. This is what Dobri Mitrev, chairman of the Bulgarian Industrial Association, told BNR.
In a letter to the government, BIA pointed out that the European Commission had proposed to extend the temporary crisis measure for state aid until March 31, 2024, or until the end of 2025, because of an expected new surge in electricity prices. The business insists that the mechanism for 100% compensation from the Electricity System Security Fund for prices higher than 100 euros per megawatt hour should be kept or that a similar mechanism must be agreed with the government.
Bulgaria will not be forced to shut down its coal-fired power stations or coal-powered district heating systems during the winter. Energy Minister Zhecho Stankov made this statement ahead of the opening of the RE-Source Southeast 2025 forum, held at..
The Confederation of Labor "Podkrepa" has strongly opposed the proposed measures for a more favorable regime for hiring staff from non-EU countries. "The government is proposing a measure to ease labor migration quotas, suggesting that up to..
In recent years, Bulgaria has been collecting and processing 15,000 tons of herbs annually . Nearly 90% of them are exported. More than 200 herbs are widely used in the pharmaceutical, cosmetic and food industries. Active trade covers more than 20..
Bulgaria’s President Rumen Radev met in Tokyo with Japan’s Prime Minister Shigeru Ishiba as part of his visit to Japan. Rumen Radev and Shigeru Ishiba..
The normal movement of buses, trolleybuses and trams in Sofia is being restored as of today, after last night the unions announced an end to the 6-day..
Only 2 kilometers remain to be built on the Bulgarian side of the railway corridor known as Corridor No. 8, which is intended to connect the Adriatic..
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