“Bulgaria will build 200 kilometres of gas pipelines worth 250 million euro in the Maritsa coal basin, indicates the updated national restoration plan under which the country is to receive EU funding for sustainable development. The pipes can be used for the delivery of hydrogen which is the backbone of the essential reform of the Maritsa coal basin and will directly eliminate the carbon emissions from electricity generation,” said Ivelina Vasileva, Chair of the parliamentary Environment and Waters Committee during an online conference “EU Recovery and Sustainability Fund for the transition in Bulgaria.”
The changes to the national plan reflect the criticism that the projects do not include the coal mining regions which are key to energy transformation, investor.bg writes.
After the election for parliament on 27 October, the caretaker government has to submit a draft of a budget for 2025 to parliament by the end of the month. Some economic analysts say the budget of the country for 2024 is the worst in the past decade. Holes..
Bulgaria's economy will grow by 2.3 per cent this year. This is according to the latest World Economic Outlook prepared by the International Monetary Fund and presented today in Washington. This is down from the Fund's April estimate, which predicted that..
In 2023, the government budget deficit was 2% of GDP or €1.9 billion. This is indicated by the final data of the National Statistical Institute. This is a significant narrowing of the budget deficit compared to the previous 3 years...
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