The use of natural gas must be an “intermediary step” towards the creation of a carbon neutral economy, something that is especially true of Bulgaria, European Commission Executive Vice-President Frans Timmermans said in answer to a question from the BNR’s Horizont channel, put during the Euranet Plus Summit 2021:
“In Bulgaria, but also in other countries, the transition away from coal and wood to renewable energy is one step too far, so we have to take an intermediary step in bringing natural gas into people’s homes (…) It is a fundamental transition (…) We have to make sure that this transition is just, if it is not just, if it is not based on solidarity it will just not happen. We all have an interest in making sure that there is no energy poverty, that the transition helps people to pay less for energy not more, and that it is done in a fair way,” Frans Timmermans said.
The financial situation in the country is critical, Finance Minister Temenuzhka Petkova says. Which means that the good news – the slowing inflation rate (on an annual basis) and Bulgaria’s full accession to the Schengen area at the beginning of the..
Moody's Ratings has affirmed Bulgaria's long-term and short-term rating at Baa1 with a stable outlook. The affirmation of Bulgaria's Baa1 rating reflects the rating agency's expectations that Bulgaria's debt and creditworthiness indicators will remain..
On January 27th, government securities for 150 million euros (300 million leva) will be offered on the domestic market , the Bulgarian National Bank (BNB) announced. The bonds will have a maturity of 7 years and an annual interest rate of 3.25%. On..
The Bulgarian National Bank (BNB) has posted, to its website, the answers to important questions connected with the adoption of the euro and the..
89% of German investors in Bulgaria would choose Bulgaria again for their investments . This is indicated by a study by the German-Bulgarian Chamber of..
The euro area annual inflation rate was 2.5% in January 2025, up from 2.4% in December 2024. In Bulgaria, it accelerated more sharply in January to 3.8%..
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