The caretaker government has instructed Deputy PM and Minister of Finance Lyudmila Petkova to submit, by 11 September, a proposal for amending the REpowerEU chapters of the recovery and resilience plan.
This is being done so as to make the completion and approval of the European Commission assessment possible by the end of 2024. In this way the finance minister will implement the parliamentary decision from 12 January, 2023, by force of which the government has to renegotiate the plan regarding reforms in the energy industry. The MPs then decided the requirement for a 40% reduction of carbon emissions by the end of 2025 must be renegotiated, taking 2019 as the basis. The National Assembly decision also sets down the renegotiation of the grant assistance for batteries, making it 50%, as well as the reassignment of 50% of the finding for geothermal energy set down in the plan towards energy-efficient housing renovation, the Bulgarian news agency BTA reports.
At the end of 2024, Bulgarians' wealth hit a record high of 1 trillion leva (€511.29 billion), which is five times higher than the gross domestic product. According to a study by the Expert Club on Economics and Politics, reported by BNR's Natalia..
Bulgarian President Rumen Radev extended an invitation to Japanese business to invest in Bulgaria . This happened during an economic forum in Tokyo organized by the Japan External Trade Organization JETRO . At the forum, Radev who is on..
According to Eurostat estimates, price growth in the EU slowed down to 2.4% year-on-year in April 2025, compared to 2.5% in March. According to data reported by BTA, Bulgaria's annual inflation rate slowed down to 2.8% in April, down from 4% in March..
Partly Cloudy
Clear
Partly cloudy, chance of rain