“Bulgaria will build 200 kilometres of gas pipelines worth 250 million euro in the Maritsa coal basin, indicates the updated national restoration plan under which the country is to receive EU funding for sustainable development. The pipes can be used for the delivery of hydrogen which is the backbone of the essential reform of the Maritsa coal basin and will directly eliminate the carbon emissions from electricity generation,” said Ivelina Vasileva, Chair of the parliamentary Environment and Waters Committee during an online conference “EU Recovery and Sustainability Fund for the transition in Bulgaria.”
The changes to the national plan reflect the criticism that the projects do not include the coal mining regions which are key to energy transformation, investor.bg writes.
Bulgaria will receive €65.2 million from the EU for a project to reinforce the electricity grid to better support the integration of renewable energy, the European Commission said in a statement. The money is part of a total of nearly €3 billion..
Bulgaria ranks 58th out of 67 countries in the World Competitiveness Yearbook of the Institute for Management Development (IMD), Switzerland. The country has shown a lack of progress since 2021 and dropped 10 positions compared to 2020 and 20..
According to data from the National Statistical Institute, Bulgaria experienced a monthly inflation rate of -0.2% in May 2024 . Year-on-year inflation from May 2024 compared to December 2023 stands at 0.4%, while the average annual inflation rate for the..
Moody's expects Bulgaria to join the Eurozone no later than the beginning of 2026. According to the rating agency, the growth of the Bulgarian economy in..
+359 2 9336 661