The government will not allow a rise in the price of electricity for household users after the full liberalization of the electricity market, Prime Minister Nikolay Denkov said before the start of today’s Council of Ministers sitting. His comment comes in response to the fears that electricity bills will go up, triggered by the amendments to the Energy Act.
“I would like to reassure all Bulgarian citizens that this is not going to happen. A price-formation model is in place which will keep the price of electricity for household users the same up until mid-2024,” the prime minister said. After that, a change is possible on the basis of a decision by the Energy and Water Regulatory Commission. Even then, the price rise would not be by more than a few percent, PM Denkov said.
Over the next day, brief showers with thunderstorms and hail will occur over the western half of the country. The phenomena will be most intense in the north-western regions. while the eastern part of the country will be mostly sunny. Maximum..
The Council of Ministers decided to close the honorary consulate of Bulgaria in Montreal, Canada. The consular district is being closed at the request of the former Honorary Consul Georgi Panicherski, who requested to be released from his..
Bulgarian prosecutors and the FBI have worked together to uncover an embezzlement scheme involving Ruja Ignatova , acting Prosecutor-General Borislav Sarafov said. Ignatova will be tried in absentia. A procedure to confiscate her illegally acquired..
The Bulgarian Development Bank (BDB) is starting "unlimited" financing for the country's defense industry. According to caretaker Minister of..
Caretaker Minister of Interior Kalin Stoyanov is attending the ministerial conference of the Salzburg Forum countries in Vienna, the Ministry of..
Bulgaria has been allocated 48.6 million euro for culture under the Recovery and Resilience Plan (RRP) , interim Culture Minister Nayden Todorov said. The..
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