The caretaker cabinet has approved state guarantees amounting to over EUR 79 million under loan agreements with the National Electric Company for financing the investment project on the modernization and rehabilitation of Chaira Hydro Power Plant. The initially planned guarantee of EUR 40.9 million is being increased due to rising capital expenditures following the update of the project for the restoration of Chaira Hydro Power Plant in light of the need for a greater share of renewable energy in the energy mix.
The Chaira Hydro Power Plant, located in the Rila Mountains beneath the Belmeken reservoir, is the largest pumped-storage plant in Southeast Europe, with four hydro units. However, it has not been operational since 2022 due to the failure of its turbines. The restoration of the plant will be supported by the Japanese company Toshiba Energy Systems & Solutions Corporation.
The renovation of the Kulata border checkpoint has begun in connection with Bulgaria's upcoming entry into Schengen on January 1. There will be two lanes in each direction before the checkpoint. A new 200-meter lane is being built on Bulgarian..
A review of all border checkpoints has been conducted and active cooperation is underway with all institutions responsible for the border crossing points i n connection with Bulgaria's entry into Schengen , caretaker Minister of Interior Atanas Ilkov..
This year, employers prefer to replace the 13th salary with Christmas events and bonuses. Less than 50% of companies in Bulgaria pay bonuses. Their size depends on the employee's performance, according to a survey by one of the leaders in the..
Faced with the choice of a government with compromises or new elections without compromises, 75.9% of Bulgarians prefer a government. 19.4% of..
On Wednesday, cold air will invade the country from the north-northeast. It will be cloudy. Rain is in the forecast for almost all Bulgarian regions...
From the beginning of 2025, Bulgarian scientists will work on a large-scale project related to hydrogen and hydrogen technologies to help develop..
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