Text size

Business consumers to be compensated for high energy costs

published on 9/18/24 3:06 PM

Photo: BTA

All non-household consumers will be compensated for the high cost of electricity by the end of the year, the government has decided.

The European Commission has given the green light for the subsidy, the energy minister said. According to preliminary estimates, €280.7 million will be needed to compensate companies from July until the end of the year.

"These funds will be provided entirely from the current - and future - revenues of the Electricity System Security Fund. We do not foresee any contribution from the state budget for this measure," said Energy Minister Vladimir Malinov.

Последвайте ни и в Google News Showcase, за да научите най-важното от деня!

Radio Bulgaria Economy compensation high electricity prices vladimir malinov

More from category

Bulgarian farmers set to receive new aid exceeding EUR 7 million

Bulgaria will receive EUR 7.4 million in aid from the European Commission to support farmers affected by adverse production conditions in recent months, European Commissioner for Agriculture and Food Christophe Hansen told BTA and clarified that the..

published on 10/8/25 10:23 AM

Fraser Institute: Bulgaria ranks 56th in economic freedom worldwide

In its "Economic Freedom of the World, 2025" ranking , the Canadian Fraser Institute gives Bulgaria a score of 7.13 out of a maximum of 10 points. This places the country 56th out of 165. It ranks between Greece and Thailand. In 2024, Bulgaria was 52nd..

published on 10/2/25 2:59 PM

BNB decreases base interest rate by 0.01%, Bulgaria's gross external debt rises

As of October 1, the base interest rate in Bulgaria is 1.81%. The rate has been declining for the 12th consecutive month, this time by 0.01% compared to September 2025. The base interest rate in Bulgaria, which is used to calculate the annual..

published on 10/1/25 10:46 AM