Until the end of 2024, businesses will continue to receive compensations for high electricity prices. They will be 100% after a price of over 90 euros per megawatt hour on the stock exchange. The previous threshold was 100 euros. The decision was supported by 185 MPs from all parliamentary groups, as five abstained. The power system security fund has EUR 236 million. With the introduction of the compensation from July 1, a financial resource of another EUR 115 million will be needed.
Before the vote in parliament, the government extended the mechanism for seizing the so-called excess profits of energy companies until the end of 2024. The ceiling on the price of electricity at the Kozloduy NPP is 75 euros per megawatt hour, while for coal plants it is 150 euros. The money above these thresholds goes to the "Security of the Electricity System" fund.
Inflation for 2024 is 2.2% compared to the previous year, the National Statistical Institute reports. In December, this indicator was 0.4%. Annual average inflation for the period January 2024 - December 2024 compared to the period January 2023 -..
Without compensation for the price of electricity, companies will be uncompetitive, said Vasil Velev of the Bulgarian Industrial Capital Association (BICA) at a press conference held jointly with trade unions. Those who cannot pass on the increase in..
Bulgarian exports are expected to grow by 5.8% annually after Bulgaria joins the eurozone. Trade in goods could increase by 3.3%, and in the services sector, growth might reach 8.4%. This is predicted by an analysis by the trade credit insurance..
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