Compensation for business proposed by the government due to high electricity prices is not enough and may lead to a sharp economic decline, rise in unemployment and social tensions. This was what representatives of employers' organizations said at a meeting with President Rumen Radev. According to them, the proposed compensation ceiling of 30% of the difference between the actual market price of electricity for a month and the price defined by the moratorium for households made the measure ineffective and called for compensation of 75%.
President Radev called for “swift and highly-responsible actin so as to neutralize the consequences of the energy price crisis because the energy industry is the fundament for the development of any economy.” In his words this is directly connected with curbing inflation and improving the living standards of the population.
Bulgaria’s Minister of Foreign Affairs Georg Georgiev met with North Macedonia’s Foreign Minister Timco Mucunski during the Munich Security Conference. Georg Georgiev emphasized that Bulgaria's position regarding the European integration of North..
The weather will be cloudy during the next 24 hours. Snow will fall in the northeastern part of Bulgaria, which will spread to many regions of Northern Bulgaria during the day. It will rain in the southern parts of the country. Snowfall will be..
Expanding connectivity between Bulgaria and Turkiye is an investment in the development of the entire region, President Rumen Radev said at a meeting with Türkiye's Minister of Foreign Affairs Hakan Fidan within the framework of the Munich Security..
The one-year anniversary of the death of Russian opposition leader Alexei Navalny was marked with a memorial service in Sofia's St Nedelya Cathedral. It..
Bulgarian Finance Minister Temenuzhka Petkova will travel to Brussels to provide an update on Bulgaria’s progress towards euro area accession. The..
The Bulgarian Ministry of Tourism will work to create a map of important, but hard-to-reach tourist and cultural-historical sites. The goal is then to..
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