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%.
The international rating agency Standard & Poor's (S&P Global Ratings) has affirmed Bulgaria's 'BBB/A-2' long-term and short-term foreign and local currency sovereign credit ratings. The rating outlook remains positive. If a stable..
In the next 3 to 5 years, Bulgaria will experience a shortage of more than 250,000 specialists with higher education. For the past 8 years, Bulgaria has missed the opportunity, which a number of EU countries have taken advantage of, to conclude an..
The Governing Council of the Bulgarian National Bank (BNB) has ordered banks in the country to apply a minimum set of 6 indicators for monitoring credit standards when granting and renegotiating loans secured by residential real estate . The aim is to..
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