"Natural gas has been secured for the winter period", Bulgaria’s caretaker Minister of Energy Rosen Hristov said for bTV.
“We have received offers and we are negotiating the price. If we manage to secure additional quantities of natural gas at a lower price, we will reduce the quantity that is pumped out of the gas storage facility in Chiren, which will allow us to keep the price lower”, Minister Hristov noted.
“There is no shortage of gas, which means that prices should remain at the current levels", said Minister Hristov. "The only impediment is the policy of the Netherlands, which has proposed a gas price cap at EUR 275 per megawatt hour. This is sending wrong signals to traders. Our position is that this cap should not exceed EUR 150 per megawatt hour," said Rosen Hristov.
The European Bank for Reconstruction and Development has raised its forecasts for the economic growth of Bulgaria in 2023 and 2024 , as well as for the region of Southeast Europe. The growth of the Bulgarian economy is expected to be..
Since the beginning of 2023, electricity exports from Bulgaria have decreased by 66%. Electricity p roduction has decreased by one-fifth compared to the same period in 2022. There has been a decrease in electricity consumption in Bulgaria, the..
At the beginning of the year, the fiscal reserve was BGN 11.9 billion (EUR 6 billion), while compared to May 10, it decreased to about BGN 10.3 billion (EUR 5.3 billion), caretaker Finance Minister Rositsa Velkova announced in Parliament. According..
Today is the first working day of the new regular government and this is perhaps a time for all sectors of the Bulgarian economy to heave a sigh of..
The huge interest in solar energy in Bulgaria can be explained by high electricity prices as well as market uncertainty, especially after the start of..
Agricultural land prices in Bulgaria have increased more than 6 times in the last 10 years . If in 2010 one decare (4 acres) of land cost an average of..