Nine Member States in the European Union produce lignite, also called 'brown coal', for electricity and heat production, Eurostat data show. Germany is the main producer and accounted for about 45% of total EU lignite production in 2018 followed by Poland (16%), Czechia (11%), Greece (10%), Bulgaria (8%) and Romania (6%).
In 2018, 9% of the total gross electricity produced in the EU was based on lignite, the same as the amount of electricity produced from other bituminous coal and more than double the amount from solar photovoltaic.
But Bulgaria is among the most heavily dependent countries on lignite, the most low-calorie and most polluting kind of coal. Czechia derives 43% of its electricity from lignite, Bulgaria (38%), Greece (32%) and Poland – 29%.
In May, the economic situation in the country improved for a second month in a row. There was an improvement in retail trade, construction and services, but there was a decline marked in industry. In construction, industry and services, no price..
The Bulgarian National Bank held an auction for the sale of securities with 3-year maturity at a 3% interest rate. At the auction, the Ministry of Finance offered bonds worth EUR 150 million. Interest will be paid once in 6 months, with the loan..
The Bulgarian National Bank published a review of measures aimed to address the risks to the banking system, including those stemming from loans secured by residential real estate. ''Such concerns are well-founded given the situation in the real..
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