Bulgaria’s External Debt Surges to Over €25 Billion
Bulgaria’s external debt reached just over €25.37 billion at the end of 2025, Acting Finance Minister Georgi Klisurski reported
Boyan Boev (R), head of Bulgaria's State Commission for Energy and Water Regulation, known as DKEVR, has said "new evidence" was received proving the debt of power distributors to the National Electricity Company. Photo by BGNES
Bulgarian energy watchdog DKEVR has postponed its decision whether to scrap the permits of operating power distributors.
At DKEVR's session on Monday, it was revealed that the state-owned National Electricity Company (NEK) had presented new evidence regarding the alleged BGN 350 M debt of power distributor utilities.
DKEVR therefore decided to adjourn its final say until April 28, the wesbite Expert.bg has reported, quoting the watchdog's chief Boyan Boev, who stopped short of specifying the nature of the new evidence.
NEK claims that Czech-based CEZ and Energo-Pro, as well as Austrian-based EVN, are to pay millions of BGN to the company.
The power distributors, on their behalf, demand some BGN 150 M of compensations for uncollected renewable energy taxes and explain they have kep back part of the sum to balance on their budget.
DKEVR announced in mid-March it would suspend licenses of the power distributors if they do not deliver on their debts by March 28. NEK warned against not receiving the money, declaring this could pose a threat to energy security and supplies to users.
No official decision has been taken so far after the European Commission stepped in by sending a letter to Economy Minister Dragomir Stoynev demanding an explanation of Bulgaria's behaviour toward the companies.
EC Energy Commissioner Gunther Oettinger even asked Stoynev why the government is trying to meddle into a "trade dispute".
At Monday's session of DKEVR, ambassadors from various EU countries were present, namely Austria, the Czech Republic and Spain's envoys to Sofia.
Bulgaria’s state fuel reserves are sufficient to cover normal consumption for the next 90 days, but domestic fuel prices continue to climb amid the ongoing military conflict in the Middle East
Acting Prime Minister Andrey Gyurov highlighted the strategic importance of energy infrastructure for the European Union during a meeting in Paris with other European leaders, convened at the invitation of French President Emmanuel Macron.
Bulgaria is increasingly turning into a destination for motorists from neighboring countries seeking cheaper fuel, as turbulence on global oil markets linked to tensions in the Middle East continues to influence prices across the region.
The ongoing military conflict in the Middle East is expected to influence fuel prices in Bulgaria with a lag of approximately 7 to 14 days, potentially pushing inflation in the country up by around 0.6%, according to economist Assoc. Prof. Shteryo Nozharo
Electricity and natural gas prices in Bulgaria remain among the lowest in the European Union, according to the latest figures published by the European statistics agency Eurostat for the first half of 2025.
Bulgaria currently has sufficient reserves of motor fuels and raw materials to cover normal domestic consumption for more than three months, Deputy Finance Minister Stanimir Mihaylov told lawmakers during an extraordinary sitting of the National Assembly
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