Stability Reigns: Sofia Real Estate Market Thrives Despite Uncertain Times
The real estate sector in Sofia has shown resilience in the face of ongoing pandemic challenges, maintaining stability across all segments in the first quarter of the year
Bulgaria's energy watchdog (DKEVR) will decide on the new, higher, electricity prices on Wednesday, reports the Bulgarian National Radio.
DKEVR was supposed to make its final decision on the expected price hike on Tuesday, but its meeting was delayed by protests of various organisations and parties and started on Tuesday afternoon.
The electricity price is expected to go up by an average of 9.79%. The clients of CEZ Bulgaria in the western parts of the country would see the highest hike – by 9.9%. Clients of EVN in southern and south eastern Bulgaria would see their bills increase by 9.5%.
In an interview for the bTV national channel on Monday, the head of DKEVR, Svetla Todorova, hinted that in the next months the electricity price might increase by a total of 50%, if it were the only means of helping troubled National Electricity Company (NEK), which has a significant deficit.
She said other options will be sought, as such high electricity bills would be socially unacceptable.
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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"
A remarkable shift in Bulgaria's energy landscape has been unveiled in the latest report from the Commission for Energy and Water Regulation, submitted to the Bulgarian parliament
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