Bulgaria and the Euro: What Happens to National Monetary Sovereignty?
One of the most debated topics around Bulgaria’s upcoming transition from the lev to the euro is whether the country is giving up its sovereignty
Bulgaria must deregulate the electricity market for household consumers and small companies, split the Energy Holding into smaller companies and speed up the construction of gas pipeline connections with the neighbouring countries, recommends the EC in a report, quoted by the Sega daily.
The Commission urges the minimisation of the role of the state and the watchdog DKEVR in the country's electricity market. The households and small companies must finally be allowed to choose and change their electricity provider – something that must have happened in 2012.
The quotas for purchasing of electricity from the power stations at the regulated market and the scheme for sole bulk buyer of electricity should be removed, recommends the EC.
The report also points out that Bulgaria has electricity production overcapacity.
Prime Minister Rosen Zhelyazkov has reaffirmed that the “Balkan Stream” pipeline remains a functional and commercially viable energy project
Sofia recently hosted the fifth edition of the Green Transition Forum 2025, a major regional event focused on sustainable development
Deputy Energy Minister Iva Petrova emphasized at Green Transition Forum 5.0 that Bulgaria’s energy strategy hinges on modernizing grid infrastructure and securing long-term supply agreements
From July 1, 2025, electricity and thermal energy prices in Bulgaria are set to increase
From July 1, 2025, Bulgarian households are expected to see an average increase of just under 5% in their electricit
Since its commercial launch at the end of 2022, the Greece–Bulgaria gas interconnector (IGB) has transported more than 34.5 million MWh of natural gas
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