''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.
Employers are contesting the rise of the minimum wage. The Bulgarian Industrial Capital Association announced that they filed a complaint in the Supreme Administrative Court. About 430,000 people in the country work for minimum wage...
If the political crisis continues, the lost benefits will reach a threshold after which the Bulgarian business will begin to lose competitiveness due to growing deficits in education, healthcare, infrastructure, regional development and demographics...
We are moving towards the option of not having a quickly adopted budget for 2025, Lachezar Bogdanov, chief economist from the Institute for Market Economics, told BNR. In presenting the institute's alternative state budget, the..
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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