Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

Expensive electricity causes dissatisfaction in Bulgarian industry

Photo: BGNES

Electricity prices in Bulgaria are 50 percent higher than those in the main export markets for Bulgarian industry - Germany, Italy, France, Austria. This is stated in a letter from the Association of the Organizations of Bulgarian Employers to the Prime Minister. Industrialists are to start preparing for nation-wide protests if the government did not take measures against the artificial deficit created in order to maintain high prices. It is pointed out that some of Bulgaria's main power plants work at 25% of their capacity while at the same time electricity is exported abroad.

"The situation has deeply aggravated the competitive position on the pan-European market, which shows unacceptable and irresponsible behavior of the competent institutions," the letter reads.




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

E-commerce to boost Bulgarian-Chinese trade turnover

Although bilateral trade reached nearly $4 billion last year, there are still untapped opportunities to further increase Bulgarian exports to China. This was made clear at a meeting between the Minister of Economy and Industry, Mr. Petko Nikolov, and..

published on 7/24/24 11:54 AM

Housing loans in Bulgaria surge by nearly 25% in a year

Housing loans in Bulgaria increased by 24.8% year-on-year, reaching BGN 22.3 billion (EUR 11.4 billion) by the end of June 2024, according to the BGNES news agency. Consumer loans also rose by 14% year-on-year compared to June 2023, reaching BGN..

published on 7/23/24 2:25 PM
Bulgarian National Bank building

Bulgarian National Bank lowers economic growth outlook

Bulgaria’s real GDP growth is expected to stand at 2.1% in 2024, indicates the macroeconomic forecast of the Bulgarian National Bank (BNB) in June. Bulgaria’s real GDP growth is expected to stand at 2.1 per cent in 2024, driven by the positive..

published on 7/20/24 10:26 AM