Bulgaria: Bulgargaz Seeks Nearly 4% Gas Price Hike for February
Bulgargaz has submitted a proposal to the Energy and Water Regulatory Commission (EWRC) for a nearly 4 percent increase in natural gas prices starting February.
The headquarters of the Bulgarian Energy Holding, file photo
Lawyer Ivan Yonchev is the new CEO of the Bulgarian Energy Holding (BEH).
Yonchev is replacing Boyan Boev, who was elected Wednesday Chairman of Bulgaria's energy watchdog to complete the term of Angela Toneva, who resigned Tuesday evening.
Earlier Wednesday, Bulgaria's State Commission for Energy and Water Regulation (DKEVR) confirmed its head Angela Toneva has resigned, citing stress. Toneva is firm her motives were personal, not political.
She is expected to become adviser to Prime Minister Oresharski. Lilyana Mladenova will take the place of Mihail Dimitrov, member of the DKEVR board, who has also resigned.
Ivan Yonchev was a member of the Board of Directors of Maritsa East Mines. He was appointed at the post in October.
The former director of BEH Boyan Boev was appointed in June.
Sishman Chaushev, appointed in November for chief of Bulgargaz, also resigned this past week. His place will be taken by Dafinka Iankova, who is also head of the audit of BEH.
After his resignation, Chaushev became director of energy dispatchers in the Energy System Operator, ESO.
One week after the start of the US and Israeli strikes against Iran, the effects are already visible on global oil markets. The escalation quickly influenced trading on international exchanges, where crude oil prices reacted to the rising uncertainty surr
Fuel prices in Bulgaria have risen by 2 to 5 percent over the past week, largely due to supply restrictions following the outbreak of military operations in the Middle East
In Bulgaria, fuel industry experts warn that if oil prices reach USD 100 per barrel, gasoline at the pump could exceed €1.50 per liter.
Fuel prices in Bulgaria have already begun to climb in some areas, with gas station owners linking the increase to the escalating conflict in the Middle East
In Bulgaria, the overwhelming majority of complaints about high electricity bills are coming from households that rely on electricity for heating, particularly through air conditioners, the Energy and Water Regulatory Commission (EWRC) reported
Acting Energy Minister Traycho Traykov commented on Nova TV that the recent rise in fuel prices in Bulgaria is modest, with gasoline and diesel increasing by just three cents, reflecting crude oil quotations
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