No Tax Hikes as Bulgaria Aims to Meet Eurozone Criteria, Says PM Zhelyazkov
The ruling coalition in Bulgaria has decided not to increase taxes or social security contributions while preparing this year's budget
Czech energy company CEZ has announced that it has filed a complaint with the European Commission against Bulgarian authorities' decision to take steps toward rescinding the firm's licence in the country.
CEZ stated that recent actions of Bulgarian authorities, in which the local energy regulator has unexpectedly cut prices and said it may revoke CEZ's license, may be in conflict with valid legislation as well as with European Union treaties on the free flow of capital.
"We have repeatedly faced negative interventions from the side of Bulgarian institutions," Tomas Pleskac, head of CEZ's distribution and foreign activities, said in a statement, as cited by international media.
Bulgaria's energy watchdog started a procedure to revoke the distribution licences of CEZ, accusing the company of breaking public procurement laws by subcontracting suppliers without holding public tenders
On Thursday, police and anti-monopoly watchdog representatives have raided the premises of the three power distributors operating in Bulgaria - CEZ, EVN, and Energo Pro.
For the ninth consecutive year (excluding 2022), the electrical industry remains the largest contributor to Bulgaria's exports, as reported by the Bulgarian Association of Electrical Engineering and Electronics (BASEL)
European natural gas prices have climbed above €55 per megawatt-hour for the first time in 16 months, driven by colder temperatures across the continent that are increasing demand for heating fuel
Serbian oil and gas company NIS, controlled by Russia’s Gazprom, is considering exiting its operations in Bulgaria and Romania due to ongoing difficulties in both markets
The Russian company Lukoil initiated the process of selling its Bulgarian assets in June last year, Prime Minister Rosen Zhelyazkov announced during a parliamentary hearing
In 2023, 10.6% of the population in the European Union reported being unable to keep their homes adequately warm
The Bulgarian government has announced a program to compensate businesses and non-household electricity subscribers for high energy costs until the end of March
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