The Bulgarian Energy and Water Regulatory Commission (EWRC) anticipates an average electricity price increase of 1.34% starting from July 1, while the price of hot water and heating is expected to decrease by an average of 8.44%. Final decisions will be made at the end of the month, with an open meeting scheduled for next…
Wizz Air is expanding its operations from Varna Airport by introducing four new destinations and increasing the frequency of flights to existing ones. The low-cost airline plans to base a second aircraft at the airport to facilitate these additions. The new destinations include Frankfurt-Hahn in Germany, with flights scheduled twice a week, and Prague in…
A recent comparison by the Bulgarian daily “Telegraph” reveals that indulging in a coffee and a beer in Sofia’s city center can leave a considerable dent in wallet, surpassing the prices found in many European capitals. The comparison, which analyzed menus from various eateries in cities like Athens, Cardiff, Luxembourg and London, shed light on…
Kozloduy Nuclear Power Plant (NPP) has announced its decision to terminate the contract with Russia for the supply of nuclear fuel, according to the company’s executive director, Valentin Nikolov. Nikolov further revealed that the available Russian fuel would now serve as a reserve. The milestone was marked on May 29 afternoon when the last of…
According to data from Eurostat, only 3.6% of Bulgarian businesses with 10 or more employees utilized artificial intelligence (AI) technologies to manage their operations in 2023. This places Bulgaria among the lowest-ranking countries in the European Union in terms of AI adoption. Eurostat defines artificial intelligence as encompassing various technologies, including text analysis, computer vision,…
The implementation of an alternative fuel type in Unit 5 of the Kozloduy Nuclear Power Plant (NPP) has commenced, marking a significant step forward in diversifying energy sources at the facility. As part of the plant’s diversification program, an agreement was reached with Westinghouse Electric Sweden for the supply of nuclear fuel. Last month, the…
Since the start of the year, Bulgaria has secured an additional BGN 700 million in debt from the domestic market, according to announcements from the Ministry of Finance and data published by the Bulgarian National Bank. Of this sum, BGN 300 million was raised through the issuance of government securities, achieving a weighted average return…