Bulgaria's Energy Minister Predicts Coal Price Increase

Business » ENERGY | May 11, 2014, Sunday // 15:24
Bulgaria: Bulgaria's Energy Minister Predicts Coal Price Increase Photo by BGNES

Bulgarian Economy and Energy Minister Dragomir Stoynev has predicted a coal price increase.

Speaking Sunday in the southern town of Radnevo, he said that the price of coal produced by the Maritsa Iztok Mines would go up from BGN 75 to BGN 77 per tonne of conditional fuel in the new regulatory period.

The measure will introduce the second increase in coal prices in the past 12 months.

In the summer of 2013, the price of coal was increased from BGN 71.5 to BGN 75.

The measure is to result in an additional financial stabilization of the mines which have a staff of over 7000.

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Tags: Dragomir Stoynev, Economy and Energy Minister, Maritsa Iztok mines, coal mining, coal pit
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