The caretaker government has instructed Deputy PM and Minister of Finance Lyudmila Petkova to submit, by 11 September, a proposal for amending the REpowerEU chapters of the recovery and resilience plan.
This is being done so as to make the completion and approval of the European Commission assessment possible by the end of 2024. In this way the finance minister will implement the parliamentary decision from 12 January, 2023, by force of which the government has to renegotiate the plan regarding reforms in the energy industry. The MPs then decided the requirement for a 40% reduction of carbon emissions by the end of 2025 must be renegotiated, taking 2019 as the basis. The National Assembly decision also sets down the renegotiation of the grant assistance for batteries, making it 50%, as well as the reassignment of 50% of the finding for geothermal energy set down in the plan towards energy-efficient housing renovation, the Bulgarian news agency BTA reports.
Bulgaria ranks 58th out of 67 countries in the World Competitiveness Yearbook of the Institute for Management Development (IMD), Switzerland. The country has shown a lack of progress since 2021 and dropped 10 positions compared to 2020 and 20..
According to data from the National Statistical Institute, Bulgaria experienced a monthly inflation rate of -0.2% in May 2024 . Year-on-year inflation from May 2024 compared to December 2023 stands at 0.4%, while the average annual inflation rate for 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 other countries as well. Because of their good qualifications, Bulgarian workers find work in many..
Andrey Gyurov will cease to perform his duties as Deputy Governor in charge of the Issue Department and Member of the Governing Council of the Bulgarian..
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