Podcast in English
Text size
Bulgarian National Radio © 2025 All Rights Reserved

Unions and businesses protest against hike in industrial electricity prices

Photo: BTA

Without compensation for the price of electricity, companies will be uncompetitive, said Vasil Velev of the Bulgarian Industrial Capital Association (BICA) at a press conference held jointly with trade unions. Those who cannot pass on the increase in the price of electricity to the price of their products and those with international contracts will go bankrupt - Velev added. Others will have to cut workers' wages or social benefits. 
As social partners, BICA and the trade unions insist that the state be clear about the key economic indicators for 2025 and continue to compensate industry for the excessively high price of electricity. 

"We are not talking about aid, we are talking about compensation. Compensation is not related to the state budget, it is available in case of high prices," Velev explained. If no compensation is decided, the employers will protest together with the trade unions on 15 January at 11 am, the press conference announced. 



Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

BNB

BNB calls against excessive taxation of bank profits

The Bulgarian banking system is among the most stable ones thanks to the high expertise of the people who work in it. They succeed despite turbulent times. They are successful because they follow the rules and laws. With these words,..

published on 12/7/24 9:55 AM

GDP up by 2.4% during the third quarter

The Gross Domestic Product has gone up by 2.4% during the third quarter of the year compared to the same period of 2023, indicate preliminary National Statistical Institute data. This indicates there is a certain acceleration of the growth..

published on 12/6/24 5:45 PM
Dimitar Radev

The banks are ready for the euro, now politicians should make a move, BNB governor says

A year with good results in the banking sector, achieved in a difficult domestic and external environment. This is how the governor of the Bulgarian National Bank (BNB), Dimitar Radev, assessed the outgoing 2024 in an interview with..

published on 12/6/24 10:52 AM