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.
Housing loans in Bulgaria increased by 24.8% year-on-year, reaching BGN 22.3 billion (EUR 11.4 billion) by the end of June 2024, according to the BGNES news agency. Consumer loans also rose by 14% year-on-year compared to June 2023, reaching BGN..
Bulgaria’s real GDP growth is expected to stand at 2.1% in 2024, indicates the macroeconomic forecast of the Bulgarian National Bank (BNB) in June. Bulgaria’s real GDP growth is expected to stand at 2.1 per cent in 2024, driven by the positive..
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..
The Romanian National Company for Road Infrastructure Administration (CNAIR) has announced a tender for a feasibility study for the construction of a..
All non-household consumers will be compensated for the high cost of electricity by the end of the year, the government has decided. The European..
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