Bulgaria's Eurozone Aspirations: Fitch Ratings Affirms Positive Outlook
Fitch Ratings, a leading credit rating agency, has affirmed Bulgaria's Long-Term Foreign-Currency Issuer Default Rating at 'BBB' with a Positive Outlook
Bulgaria Decides to Set up Energy Board Bulgaria’s caretaker cabinet on Wednesday decided to set up Energy Board to step up reforms in the energy sector with the aim of
boosting its transparency and market efficiency.
The new structure will be a standing consultative body with the government that will analyze the state of the energy sector in Bulgaria, identify the factors that prompt its instability, and determine the principles of its sustainable management, the cabinet said in a statement.
The Energy Board will also propose measures for maintaining stability in the sector. The
caretaker cabinet has made the creation of energy board one of its top priorities when it
assumed office earlier this month.
Caretaker Deputy Prime Minister in charge of economic policy Ekaterina Zaharieva will head the Energy Board. Economy and Energy Minister Vasil Shtonov will be Zaharieva’s deputy.
Meanwhile, the cabinet has asked the head of Bulgaria’s energy regulator DKEVR Boyan Boev to resign. Boev’s deputy Elenko Bozhkov and DKEVR member Lilyana Mladenova have also been asked to leave.
“Were it up to me, I would have sought more resignations,” Shtonov said after Wednesday’s cabinet meeting. “The decisions and proposals coming from the State Commission for Energy and Water Regulation currently don’t work.”
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Eurostat's latest findings have shed light on the shifting landscape of household energy prices in the European Union, with Bulgaria emerging as a frontrunner in affordability.
The Nuclear Regulatory Agency (NRA) has greenlit the phased transition to a new type of nuclear fuel for Unit 5 of Kozloduy Nuclear Power Plant (NPP), manufactured by Westinghouse
In a bid to enhance its energy security and diversify its gas supply sources, Bulgargaz is gearing up for the first deliveries of liquefied gas through the Alexandroupolis terminal, set to commence in May
The Greek national electricity company, PPC, has announced plans to acquire 500 megawatts of photovoltaic capacity in Bulgaria
Oil prices have surged due to renewed concerns about the Middle East conflict. Brent crude futures increased by 0.32% to 90.80 USD per barrel, while American WTI crude rose by 0.3% to 86.50 USD per barrel
Bulgaria's state-owned energy company, "Bulgargaz," has suffered a significant setback, losing 27% of its market share as a result of a contract with the Turkish company "Botas"
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022