The price of natural gas in Bulgaria is expected to rise by nearly 11% in December, reaching 76 leva per megawatt-hour before taxes and additional charges. During a public discussion at the Energy and Water Regulatory Commission (EWRC), Veselin Sinabov, the Executive Director of Bulgargaz, outlined the factors driving this increase. He explained that lower…
Starting on March 30, 2025, a new direct flight route will connect Sofia, Bulgaria, with Pisa, Italy, as announced by Sofia Airport. This service will be operated by Ryanair, Europe’s largest low-cost carrier, with flights scheduled three times a week – on Tuesdays, Thursdays and Sundays. The announcement highlights Ryanair’s ongoing expansion in Bulgaria. In…
SOF Connect and Glavbolgarstroy Holding (GBS) inaugurated new outdoor parking facilities at Sofia Airport, enhancing its infrastructure with over 1,000 parking spaces. The event saw Jesus Caballero, CEO of SOF Connect, and Emil Angelov, CEO and Deputy Chairman of Glavbolgarstroy Holding, officially opening the 25,000 square meters facility, designed with modern amenities such as spaces…
Tensions are mounting at Bulgaria’s West Electricity Distribution Networks JCS (Elektrorazpredelitelni mreji Zapad AD), as numerous emergency team employees have submitted resignation applications, citing dissatisfaction with low salaries. The resignations pose a serious risk of prolonged power outages in ten regions just before the holiday season. Despite company claims that only ten resignation applications have…
The Ministry of Finance has announced plans to conduct a study analyzing the attitudes, expectations, and challenges faced by citizens and businesses in relation to Bulgaria’s transition to the eurozone. A public procurement valued at 400,000 leva, excluding VAT, has been launched for this purpose. The study aims to provide clear and accessible information to…
Bulgaria is on track to meet the final requirement for eurozone membership, with expectations to fulfill the price stability criterion until the end of 2024. This development was announced by Deputy Prime Minister and Minister of Finance Lyudmila Petkova at the opening of the 10th-anniversary international scientific conference “Digital Transformation and Economic Recovery in the…
The European Bank for Reconstruction and Development (EBRD) has approved a loan of up to 50 million euros for Tenevo Solar Technologies EAD to build and operate a solar photovoltaic plant in southeastern Bulgaria. The project will produce over 300 GWh of electricity annually and help reduce carbon emissions by 250,000 tons per year. The…