Text size

Business consumers to be compensated for high energy costs

published on 9/18/24 3:06 PM

Photo: BTA

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 Commission has given the green light for the subsidy, the energy minister said. According to preliminary estimates, €280.7 million will be needed to compensate companies from July until the end of the year.

"These funds will be provided entirely from the current - and future - revenues of the Electricity System Security Fund. We do not foresee any contribution from the state budget for this measure," said Energy Minister Vladimir Malinov.

Последвайте ни и в Google News Showcase, за да научите най-важното от деня!

Radio Bulgaria Economy compensation high electricity prices vladimir malinov

More from category

Price of Bulgarian agricultural land has been steadily rising

Agricultural land in Bulgaria has more than doubled in price, or by 108.7%, for the past 7 years , according to data of the National Statistical Institute. In 2016, the average price per decare of land was 386 EUR and last year it..

published on 8/13/24 11:34 AM

Blagoevgrad to be presented as an attractive place to live and do business

"Come to Blagoevgrad" is the motto of a three-day forum organized by the team of Mayor Metodi Baikushiev. The event aims to attract and motivate Blagoevgrad residents working and doing businesses abroad to return and realize their potential in their..

published on 8/12/24 11:26 AM

Housing prices in Sofia are steadily rising

The residential real estate market in Sofia in the second quarter of 2024 remains stable and active. Despite forecasts for a possible lull, the trends show a rise in prices and a significant increase in demand. This is shown by an analysis of one..

published on 8/6/24 5:48 PM