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G7 plan price cap on Russian crude oil

The G-7 is considering the possibility of imposing a price cap on Russian crude oil, transported by sea, in the range of 65-70 US dollars per barrel , BTA reported. The topic was also discussed with the representatives of the 27 EU..

24.11.22 09:57 |

Household electricity consumers to remain on the regulated market for another 3 years

The majority in the Bulgarian Parliament voted that household electricity consumers should remain on the regulated electricity market until December 31, 2025. This practically postpones their transition to the free energy market by 3 years. The proposal..

08.11.22 18:50 |

Algeria is ready to deepen its relations with Bulgaria in energy sphere

Bulgaria values highly ​​the role of Algeria as a factor of stability in the region of North Africa and the Mediterranean and as a particularly important partner in ensuring reliable supplies of energy sources to Europe in crisis conditions. This..

07.11.22 18:47 |

President Rumen Radev: Bulgaria can become regional leader in the production of green hydrogen

The transition to climate neutrality must be well-planned. It must be smooth, socially and economically just, so that it can increase people's well-being, not decrease it. This is what President Rumen Radev told journalists in Egypt, where he..

07.11.22 17:28 |

European regulations allow Bulgaria to tax excess profits from fuel trade

The state cannot administratively lower fuel prices, but it can compensate end users, Minister of Economy Nikola Stoyanov has told Nova TV. The cabinet has proposed that the parliament should adopt a tax of 33% on the excess..

03.11.22 11:00 |
Nikola Stoyanov

Minister of Economy: Caretaker government has tamed soaring energy prices

Bulgarian economy has been very stable since 2021, despite the crises , with very high growth in both exports and imports. In the last quarter of 2021, GDP grew by more than 10%.  World Trade Organisation data for the first half of 2022 also show..

30.10.22 13:25 |

Staple foods prices in Bulgaria are growing more and more unaffordable

The household prices of heating, electricity, water and gas in Bulgaria have gone up by an average of 40%, but the rise is steepest with the prices of staple foods like sugar, meat, milk, bakery products at around 10% during the last quarter of the year..

26.10.22 14:30 |
Emergency services responding to a fire after shelling in Kyiv Ukraine, 18 October 2022. Three Russian strikes hit an energy infrastructure facility in Kyiv

Almost half of Ukraine's energy infrastructure is out of order

Last night and this morning, Russian troops launched new strikes on several Ukrainian regions, BTA reported . Cherkasy, Khmelnytskyi, Kyiv, Rivne and Vinnytsia regions were attacked, and a large fire was seen near the town of Smela. In the morning, an..

22.10.22 11:20 |
Caretaker Energy Minister Rossen Hristov.

Ministry of Energy to equalize gas, electricity and central heating bills

"One of our main initiatives is to introduce the same price for private consumers for gas, electricity and heating and thus avoid switching from one type of heating to another, said caretaker Energy Minister Rossen Hristov. The  proposal could come into..

21.10.22 22:23 |

President Rumen Radev: EU countries must be able to use their energy resources optimally

In the critical months that are coming, it is necessary for EU countries to maintain their energy autonomy and have the opportunity to use their own energy resources in an optimal way in accordance to the current European..

17.10.22 16:01 |

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