Podcast in English
Text size
Bulgarian National Radio © 2025 All Rights Reserved

Unions and businesses protest against hike in industrial electricity prices

Photo: BTA

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 the price of electricity to the price of their products and those with international contracts will go bankrupt - Velev added. Others will have to cut workers' wages or social benefits. 
As social partners, BICA and the trade unions insist that the state be clear about the key economic indicators for 2025 and continue to compensate industry for the excessively high price of electricity. 

"We are not talking about aid, we are talking about compensation. Compensation is not related to the state budget, it is available in case of high prices," Velev explained. If no compensation is decided, the employers will protest together with the trade unions on 15 January at 11 am, the press conference announced. 



Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

U.S. State Department report analyzes the Bulgarian economy

Bulgaria’s accession to the eurozone will reduce transaction costs with key trade and investment partners, according to the annual U.S. State Department report on the investment climate in the country, reported BGNES. The report emphasizes that..

published on 10/1/25 10:11 AM

Bulgaria sees higher demand than supply of jobs

Less than 100 days remain until Bulgaria joins the eurozone, and this is another reason to talk about the incomes of people in Bulgaria, about the Bulgarian economy, about foreign investments and about the domestic labour market which reacts the..

published on 9/30/25 12:26 PM

Is raising taxes inevitable if we want to fix the budget?

At the end of September, with a little over three months to go until the Rubicon in Bulgarian public finance - 1 January, 2026, when the country will officially leave the currency board and adopt the single European currency, the euro – issues..

updated on 9/26/25 1:02 PM