Energy-intensive enterprises in Bulgaria are threatened to limit or close production due to high electricity prices. In budget 2024, there is no money envisaged for energy compensations for businesses, for hospitals, schools, kindergartens, and other non-household users. This is what Dobri Mitrev, chairman of the Bulgarian Industrial Association, told BNR.
In a letter to the government, BIA pointed out that the European Commission had proposed to extend the temporary crisis measure for state aid until March 31, 2024, or until the end of 2025, because of an expected new surge in electricity prices. The business insists that the mechanism for 100% compensation from the Electricity System Security Fund for prices higher than 100 euros per megawatt hour should be kept or that a similar mechanism must be agreed with the government.
It is our intention that even with the 2025 budget, defense spending will reach a higher level than 2.5% of the Gross Domestic Product, said the Deputy Minister of Defense Radostin Iliev during the commemoration of the Day of the Military Parachutist in..
Friday will be sunny. There will be light to moderate easterly winds, except in eastern Bulgaria, where gusts will come from the north. Minimum temperatures will be between 2°C and 3°C, along the Black Sea up to 6°C-8°C, in Sofia - around 0°C. Maximum..
Twenty-five bar associations from across the country have called on the Supreme Judicial Council, which has an expired mandate, to suspend the process of electing a new Prosecutor General and a new President of the Supreme Administrative Court. They..
Bulgaria is the 21 st safest country out of 38 countries in Europe, ranking between Poland and Spain. This country gets 1.643 points measured by..
State-owed natural gas supplier Bulgargaz has hired a legal councillor to defend the interests of the Bulgarian gas company in connection with the..
Sofia is hosting the biggest motor show in Europe this year, Alexander Kostadinov, Chairman of the Board of the Association of Car Manufacturers told..
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