Projections Show 9.3% Salary Rise for Bulgarian Workers in 2024
The Ministry of Finance anticipates a 9.3% increase in wages for Bulgarian businesses this year, as outlined in the latest Convergent Program of Bulgaria
Bulgarian Energy Minister Temenuzhka Petkova has said that state-owned companies in the sector will be able to save some BGN 20 M in 2015.
In an interview with the Bulgarian National Television she has reminded of the government's commitment to cut expenditures there by 10% every year until 2017.
Spending will be slashed only in "secondary" activity which is not essential to the functioning of companies, such as "lawn mowing".
This comes as Bulgaria is looking into ways to reduce the BGN 3.7 B deficit piled up by the state-owned utility National Electricity Company (NEK).
Petkova fended off claims that tensions had grown between Prime Minister Boyko Borisov and businesses over an increase in electricity prices for industrial consumers, reminding that the government had discussed with employers a host of measures aimed at solving the numerous problems of Bulgaria's energy sector.
She also reminded that the cabinet had taken steps to reduce the burden on industries which buy energy from renewable sources at preferential (high) prices. In her words, the measures was only pending approval from the European Commission to enter into force.
Tensions mounted between the national energy regulator KEVR and businesses last week. Employers staged on Wednesday a protest over the hike, and on Sunday demanded the resignation of the watchdog's head after a joint session, warning they would refer to the Prosecutor's Office over the increase.
Borisov, however, accused businesses of double standards, saying they hadn't vented any anger when previous governments embarked on large-scale projects that accumulated the deficit over the past decade.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
The Kozloduy Nuclear Power Plant (NPP) in Bulgaria is set to embark on a significant transition as it begins the process of replacing Russian nuclear fuel with American fuel from Westinghouse
Bulgargaz, the leading public gas supplier in Bulgaria, anticipates a notable decrease in the price of natural gas for the upcoming month of May. According to Lyudmila Vitanova
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
Sofia Airport's Terminal 3 Construction Set to Begin in Early 2026
COVID-19 Impact: Bulgaria's Grim Milestone as Highest Death Rate in EU