Bulgaria's Constitutional Court to Review President’s RE Tax Veto

Business » ENERGY | January 30, 2014, Thursday // 11:56| Views: | Comments: 0
  • Send to Kindle
Bulgaria: Bulgaria's Constitutional Court to Review President’s RE Tax Veto Photo by EPA/BGNES

Bulgaria's Constitutional Court will discuss on Thursday the presidential veto on the 20% tax on revenues of solar and wind power stations.

Earlier this month, President Rosen Plevneliev approached the court on the grounds that the tax creates unequal conditions for electricity producers. Plevneliev emphasized that he does not support the energy lobby, but tries to protect the interests of the small producers.

Energy Minister Dragomir Stoinev, however, accused Plevneliev of working against the balancing of the energy system. Prime Minister Plamen Oresharski said that if the Constitutional Court rejects the tax, the government will find a new way to tax the renewable energy producers.

The tax was proposed by Volen Siderov, leader of the nationalist party Ataka, as an amendment to the Renewable Energy Sources Act during the second-reading vote on Budget 2014 by the parliamentary committee on budget and finance.

Energy » Be a reporter: Write and send your article
Tags: renewable energy, tax, solar power, Volen Siderov, Constitutional Court, Rosen Plevneliev
Expats.bg All Are Welcome! Join Now!
Please, log in to post a comment.
» To the forumComments (0)
Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria