Since the beginning of 2023, electricity exports from Bulgaria have decreased by 66%. Electricity production has decreased by one-fifth compared to the same period in 2022. There has been a decrease in electricity consumption in Bulgaria, the region and in Europe, the Executive Director of the Electricity System Operator Angelin Tsachev said for the Bulgarian National Radio.
"Europe as a whole has entered a recession and there has been a serious reduction in electricity consumption. On the other hand, there has been a serious reduction in the price of natural gas, which has led to a reduction in the price of electricity in general. The issue of electricity imports is become increasingly topical, because of the lower prices, Currently, we are not importing electricity from cheaper gas-fired power plants. However, we are importing electricity from Romania, produced by Romanian hydroelectric power plants. Its price is much lower and it is quite normal for the Bulgarian market to benefit from this", Angelin Tsachev explained.
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...
A forum entitled "Career and Life - Why in Bulgaria?", organized by the Bulgaria Wants You platform, was held at the Royal Geographical Society in London on October 20. The event, which took place for the second time, attracted significant..
Bulgaria and India will intensify their cooperation in various sectors of mutual interest. This was discussed at a meeting of the Bulgarian Minister..
On October 31, 2024, 10 business leaders in Bulgaria founded the first Bulgarian-Czech Chamber of Commerce in the country. At the Embassy of the Czech..
+359 2 9336 661