"Bulgaria has a broader set of tools to address the energy crisis which has affected Europe. There are many thermal power plants in Bulgaria using local coal. The cost of electricity produced in coal-fired power stations is lower than the cost of electricity produced in gas-fired power plants", the newly-appointed Chairman of the Energy and Water Regulatory Commission (EWRC) Stanislav Todorov said for the BNR.
"Bulgaria does not have a strong incentive to raise electricity prices after the end of the moratorium on the prices of electricity for households, because there is no power shortage in the country", Stanislav Todorov pointed out. He added that the current energy crisis was caused by geopolitical factors. Trading the whole electricity on the day-ahead market in times of crises and uncertainty is wrong and this needs to be changed, the Chairman of the Energy and Water Regulatory Commission further said.
47% of Bulgarians disagree with the statement that Bulgaria's entry into the euro area will boost the Bulgarian economy and raise their living standards. This is the result of a national survey conducted by the Market Links agency between 27 April and..
The Organisation for Economic Co-operation and Development (OECD) forecasts an acceleration in Bulgaria's economic growth from 1.8% in 2023 to 2.5% in 2024 and to 2.9% in 2025 as public investment increases along with EU funds. OECD expects inflation..
MPs have agreed to extend the 0% VAT on bread and flour, which was due to expire on June 30, until the end of 2024. Under the GERB proposal, traders will be allowed to add a maximum of 15% profit margin on bread, but the proposal is limited to the most..
IT is one of the leading sectors in terms of salary increases and interest by job seekers in Bulgaria. Before the pandemic all kinds of experts were..
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