''There is a technological competition to produce cheaper electricity. Bulgaria is part of the regional market and we need to renew our capacities in order to be competitive. The import of electricity is not because there is no capacity, but because our electricity is more expensive on certain days. We import because it is cheaper'', Prime Minister Nikolay Denkov said in Parliament in response to the question why during the New Year holidays the country imported electricity from Romania and North Macedonia.
''There would be a problem if we stopped the process of energy technology renewal, because we would not be competitive. This government has signed the contracts for the construction of two new nuclear reactors and work is underway. I am sure that in 2024 Bulgaria will remain a net exporter of electricity", Premier Denkov assured.
Acceleration of inflation to 1.1% in October compared to the previous month was registered by the National Statistical Institute. On an annual basis, the index is 1.8 percent. In October, the prices of goods and services for..
A working group comprising representatives of employers, trade unions and government experts is discussing the proposals of the Ministry of Labor and Social Policy for introducing a new mechanism to determine the minimum wage. This is happening a day..
“The main priorities businesses have – membership of the Eurozone and accession to the Schengen area by land – have receded to the background. They are the motors which can boost the economy, but the fact there is no regular government is an obstacle..
With a growth of 2.2 percent, Bulgaria is among the top 6 countries in the EU, Caretaker Minister of Economy Petko Nikolov reported..
Bulgarian National Bank (BNB) Governor Dimitar Radev has met with EU ambassadors and discussed the country's upcoming accession to the..
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