As Bulgaria braces for the onset of the heating season, the cost of natural gas is skyrocketing, with Bulgargaz EAD announcing a substantial 36% price hike. The company’s proposed price for November stands at BGN 82.12/MWh, excluding excise duty and VAT, marking a significant financial burden for consumers. The surge in natural gas prices is…
Bulgaria has the highest social risk in the European Union, according to the Social Resilience Index. It tracks 12 economic, social and political parameters in 185 countries around the world, says Allianz Trade, which produces the ranking. The results of the study covered the period from early 2022 to September 2023. The Social Resilience Index…
“The European Commission has been notified of the recently taken measure by Bulgaria regarding gas supplies. We are in close contact with Bulgaria and the other affected countries to assess and discuss the possible repercussions of this measure,” said a spokesperson of the EC at a press conference in response to questions related to the…
Bulgarians most often travel to Greece not only on vacation, but also on business trips. This can be seen in the data of the National Statistics Institute for travel in September. According to it, Greece is the destination – a leader in trips for the purpose of rest and excursion and for business purposes. The…
Average electricity prices for households in the first half of 2023 in the European Union were the lowest in Bulgaria (11.4 euros per 100 kWh). After a significant price increase that began before Russia’s invasion of Ukraine but spiked in the second half of 2022, electricity and gas prices are stabilizing, the EU statistics office…
The construction of the 7th unit of the Kozloduy NPP is starting soon, Prime Minister Nikolay Denkov has announced. The plans are for the new capacity to be ready until 2033. Today, the government will take the decision to start the construction of the 8th nuclear unit in Bulgaria’s only nuclear power plant. “The company…
The European Commission is addressing the transit tax introduced by Bulgaria for Serbia and Hungary for Russian natural gas, European Commission spokesman Olof Gill has said. “We are evaluating and discussing with the Bulgarian authorities these recently introduced measures. I can add that the policy of sanctions towards Russia has been outlined, revised and adopted…