Until the end of 2024, businesses will continue to receive compensations for high electricity prices. They will be 100% after a price of over 90 euros per megawatt hour on the stock exchange. The previous threshold was 100 euros. The decision was supported by 185 MPs from all parliamentary groups, as five abstained. The power system security fund has EUR 236 million. With the introduction of the compensation from July 1, a financial resource of another EUR 115 million will be needed.
Before the vote in parliament, the government extended the mechanism for seizing the so-called excess profits of energy companies until the end of 2024. The ceiling on the price of electricity at the Kozloduy NPP is 75 euros per megawatt hour, while for coal plants it is 150 euros. The money above these thresholds goes to the "Security of the Electricity System" fund.
Deposits in banks for the first quarter of 2024 have reached a record level of 75.4 billion euros. From January to March, deposits grew by EUR 1.35 billion or by 1.8%. The rise is mainly due to increased household deposits, the..
Although bilateral trade reached nearly $4 billion last year, there are still untapped opportunities to further increase Bulgarian exports to China. This was made clear at a meeting between the Minister of Economy and Industry, Mr. Petko Nikolov, and..
Housing loans in Bulgaria increased by 24.8% year-on-year, reaching BGN 22.3 billion (EUR 11.4 billion) by the end of June 2024, according to the BGNES news agency. Consumer loans also rose by 14% year-on-year compared to June 2023, reaching BGN..
Deposits in banks for the first quarter of 2024 have reached a record level of 75.4 billion euros. From January to March, deposits..
Partly Cloudy
Partly cloudy, chance of rain
sunshine, cloud, rain and thunder
Mostly Cloudy