''There is a technological competition to produce cheaper electricity. Bulgaria is part of the regional market and we need to renew our capacities in order to be competitive. The import of electricity is not because there is no capacity, but because our electricity is more expensive on certain days. We import because it is cheaper'', Prime Minister Nikolay Denkov said in Parliament in response to the question why during the New Year holidays the country imported electricity from Romania and North Macedonia.
''There would be a problem if we stopped the process of energy technology renewal, because we would not be competitive. This government has signed the contracts for the construction of two new nuclear reactors and work is underway. I am sure that in 2024 Bulgaria will remain a net exporter of electricity", Premier Denkov assured.
Inflation for 2024 is 2.2% compared to the previous year, the National Statistical Institute reports. In December, this indicator was 0.4%. Annual average inflation for the period January 2024 - December 2024 compared to the period January 2023 -..
Without compensation for the price of electricity, companies will be uncompetitive, said Vasil Velev of the Bulgarian Industrial Capital Association (BICA) at a press conference held jointly with trade unions. Those who cannot pass on the increase in..
Bulgarian exports are expected to grow by 5.8% annually after Bulgaria joins the eurozone. Trade in goods could increase by 3.3%, and in the services sector, growth might reach 8.4%. This is predicted by an analysis by the trade credit insurance..
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