The price of natural gas is to go up by around 19% in December. This was announced at a meeting of the Energy and Water Regulatory Commission. This means the selling price of one MWh will be around 145 Leva, not including taxes and charges.
Ivan Ivanov, chairman of the energy regulator stated the main reason for the price rise was the expensive amounts of gas in the underground gas storage facility at Chiren. The increased consumption of gas during winter also affects the price, which means a price hike is also expected in January. “The price I am expecting then will be a little higher but will be far from the 353 Leva per MWh reached in September,” Ivan Ivanov said, and added that the final decision will be made on 1 December.
“Five people from the parliamentary group are going to be “torn apart” during the voting for a cabinet but will, most probably, not give their support,” Ivelin Mihaylov, one of the founders of Velichie party said for the BNR. GERB-SDS..
In an analysis of the pension system in Bulgaria, the International Monetary Fund urges the country to raise pensions by raising social security contributions and doing away with the maximum insurable earnings. According to the analysis, pensions in..
Bulgarian tour operators and travel agents are hoping the new parliament will reconsider the decision to revert to the higher VAT (20%) for the industry as of 1 July. They are insisting that tourist packages be subject to 9% VAT until the end of..
“Five people from the parliamentary group are going to be “torn apart” during the voting for a cabinet but will, most probably, not give their..
The first joint operation of the newly formed Mine Counter Measures Task Group Black Sea involving Bulgaria, Turkey and Romania is to take place July..
The caretaker government has fulfilled its main task successfully – organizing fair and transparent elections for National Assembly and for European..
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