The caretaker government has instructed Deputy PM and Minister of Finance Lyudmila Petkova to submit, by 11 September, a proposal for amending the REpowerEU chapters of the recovery and resilience plan.
This is being done so as to make the completion and approval of the European Commission assessment possible by the end of 2024. In this way the finance minister will implement the parliamentary decision from 12 January, 2023, by force of which the government has to renegotiate the plan regarding reforms in the energy industry. The MPs then decided the requirement for a 40% reduction of carbon emissions by the end of 2025 must be renegotiated, taking 2019 as the basis. The National Assembly decision also sets down the renegotiation of the grant assistance for batteries, making it 50%, as well as the reassignment of 50% of the finding for geothermal energy set down in the plan towards energy-efficient housing renovation, the Bulgarian news agency BTA reports.
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..
Bulgaria and India will intensify their cooperation in various sectors of mutual interest. This was discussed at a meeting of the Bulgarian Minister of Economy Petko Nikolov with Ambassador of India to Bulgaria H.E. Sanjay Rana. The two focused..
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 Republic in Sofia, in the presence of Martin Dvořák, Minister of European Affairs of the Czech..
The assets of private pension funds have reached EUR 13 billion. According to data from the Financial Supervision Commission, they have increased by..
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