''There is a technological competition to produce cheaper electricity. Bulgaria is part of the regional market and we need to renew our capacities in order to be competitive. The import of electricity is not because there is no capacity, but because our electricity is more expensive on certain days. We import because it is cheaper'', Prime Minister Nikolay Denkov said in Parliament in response to the question why during the New Year holidays the country imported electricity from Romania and North Macedonia.
''There would be a problem if we stopped the process of energy technology renewal, because we would not be competitive. This government has signed the contracts for the construction of two new nuclear reactors and work is underway. I am sure that in 2024 Bulgaria will remain a net exporter of electricity", Premier Denkov assured.
Fitch Ratings has affirmed Bulgaria's long-term foreign-currency Issuer Default Rating (IDR) at 'BBB' with a positive outlook. Bulgaria intends to request a reassessment of its progress on convergence criteria in 2H24, which should allow for..
The poverty threshold in Bulgaria was BGN 637.92 (EUR 323) per person per month in 2023. This is an increase of 21.3 per cent compared with the previous year , when the indicator was BGN 525.92 (EUR 266), the National Statistical Institute said. I..
“We are a guarantee of stability in the region,” caretaker Prime Minister Dimitar Glavchev states in an address to the Vienna Economic Forum - Sofia Meeting, 2024, the Bulgarian news agency BTA reports. Sofia is hosting the meeting of the..
The demographic crisis in this country is advancing at a rapid rate, holding back the development of businesses, but this is a tendency observed in..
According to data from the National Statistical Institute, Bulgaria experienced a monthly inflation rate of -0.2% in May 2024 . Year-on-year inflation..
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