Bulgargaz Forecasts 5-6% Dip in Natural Gas Prices for May
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
From the next month, the electricity price for industrial consumers will be increased by 30% to 60%. Currently, businesses pay electricity bills at a tariff of 70 BGN per megawatt hour. Business owners in the Northern Bulgarian city of Rousse say that the very announcement of the plans for the price increase has already had a negative effect on both producers and consumers.
Filip Haivazyan, owner of a bakery in central Rousse says he long ago replaced the monopoly and buys power from the liberalised market. He explained that this had led to reduction in electricity bills, but they still remain high. Electricity, although not being a major component in determining the cost of production, has an impact.
If there is an increase in the price of electricity, says Filip Havazyan, this will inevitably affect the prices of the end product. He forecasts a customer outflow.
Any such news about electricity price hike also affects the turnover of business like outs, he says..
It is yet to be clear what will be the increase in industrial electricity prices. Meanwhile, unfair businesses may take advantage of the the lack of specific information and raise prices, which will inevitably lead to new, higher prices of goods, he added.
Source: The Bulgarian National Television
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
In a sign of the changing climate's impact on agriculture, Bulgarian farmers are gearing up for an early start to the wheat and barley harvest this year as soaring temperatures hasten crop ripening
Online gambling and casinos are becoming quite the attraction for players and enthusiasts alike.
Online sports betting has taken the world by storm, offering enthusiasts an exciting way to engage with their favorite sports.
In response to the ongoing war between Russia and Ukraine, the European Commission has greenlit a significant aid package for Bulgarian farmers, totaling approximately 86.9 million euros
If you compare today's casino experience with two decades back, you can tell that a lot has changed.
Game distributors and casino sites want to be as accessible and user-friendly as possible.
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022