Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

Government extends electricity subsidies for businesses till the end of April

Prime Minister Kiril Petkov after a meeting with employers on March 14. 2022.
Photo: BGNES

Bulgarian citizens should not give in to panic, Prime Minister Kiril Petkov urged after a meeting with employers. He was adamant that there would be no shortage of goods. 

We are putting out fire after fire, Petkov said, adding that there is speculation on the market. As for inflation, prices are expected to rise by a few percent, not in multiples. "We will be careful to limit the impact on inflation. Don't fall for fake news," the prime minister said. 
Compensation to companies for the increased electricity prices will be paid in April, too, as decided by the government. "Bulgaria is in the middle of an almost perfect storm," Petkov said, pointing out that in 90 days the cabinet is expected to solve the problems in the energy sector, which have accumulated over the years. The prime minister asked businesses to sign long-term contracts for electricity supply after the end of April. 



Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Trial of Bulgarians accused for spying for Russia continues in London

The trial of six Bulgarians accused of spying for Russia continues in the United Kingdom. The head of the "spy cell" Orlin Rusev and Biser Dzhambazov pleaded guilty. Three others - Katrin Ivanova, Vanya Gaberova and Tihomir..

published on 11/29/24 3:40 PM

Eighth failure of the parliament to elect speaker

Today's eighth attempt by the Bulgarian MPs to elect a speaker of the National Assembly also proved unsuccessful. At the beginning of the day, there was a ray of hope that this time the people's representatives would reach a..

published on 11/29/24 2:49 PM

A quarter of Bulgarians are willing to maintain friendships with HIV-positive people

Public attitudes towards HIV/AIDS in Bulgaria show that a quarter of Bulgarians are ready to keep friendships with HIV-positive people, BTA reported. Men are slightly more tolerant than women (28% versus 23%). The data are from a..

published on 11/29/24 1:23 PM