Text size

Minister of Economy: Caretaker government has tamed soaring energy prices

published on 10/30/22 1:25 PM

Nikola Stoyanov

Photo: Savina Spasova, BNR

Bulgarian economy has been very stable since 2021, despite the crises, with very high growth in both exports and imports. In the last quarter of 2021, GDP grew by more than 10%.

World Trade Organisation data for the first half of 2022 also show that the Bulgarian economy is growing, Minister of Economy Nikola Stoyanov told BNR. Expectations of an increase in the number of job cuts also did not materialise.

According to the minister, inflation is expected to go down and energy prices are contained. The caretaker government has prepared measures that will lead to a lasting drop in fuel prices. Among them is seizing excess profits not only of electricity producers but also of fuel producers, the latter also concerning oil producer Lukoil.

Последвайте ни и в Google News Showcase, за да научите най-важното от деня!

Radio Bulgaria News crisis energy inflation Nikola Stoyanov

More from category

Balkan Stream pipeline exempted from US sanctions on Gazprombank transactions until March 2025

The Balkan Stream gas pipeline will not be subject to US sanctions for transactions with Russia's Gazprombank. This was revealed in a written answer to a parliamentary question to Energy Minister Zhecho Stankov. On December 23, 2024, the Ministry of..

published on 2/16/25 9:45 AM

Timco Mucunski (L) and Georg Georgiev (R)

North Macedonia's EU membership goes through the inclusion of Bulgarians in its constitution

Bulgaria’s Minister of Foreign Affairs Georg Georgiev met with North Macedonia’s Foreign Minister Timco Mucunski during the Munich Security Conference. Georg Georgiev emphasized that Bulgaria's position regarding the European integration of North..

published on 2/15/25 5:25 PM

Temperatures will go down on Sunday, snow is expected in Northeastern Bulgaria

The weather will be cloudy during the next 24 hours. Snow will fall in the northeastern part of Bulgaria, which will spread to many regions of Northern Bulgaria during the day. It will rain in the southern parts of the country. Snowfall will be..

published on 2/15/25 5:20 PM