'Bulgaria in Figures' Report Highlights Steady GDP Growth and Regional Challenges
The Bulgarian Chamber of Commerce and Industry (BCCI) President, Tsvetan Simeonov, introduced the latest edition of the “Bulgaria in Figures” report
Photo by BGNES
Representatives of the business sector will take part in the work of the company boards of all state-owned energy firms, according to a decision adopted at a meeting between Prime Minister Boyko Borisov, Energy Minister Temenuzhka Petkova, Delyan Dobrev, Chair of the parliamentary energy committee, and employers’ associations.
Deputy Prime Minister Tomislav Donchev commented that the measure would help identify and downsize unnecessary costs at state-owned energy firms.
The participants in Wednesday’s meeting also agreed that the presence of employers’ associations in Bulgaria’s Commission for Energy and Water Regulation (KEVR) would increase.
They also agreed that legal amendments would pave the way for the introduction of a moratorium on the granting of preferential terms for the purchase of electricity, according to reports of the Bulgarian National Radio.
The participants in the meeting approved the establishment of a public register of all companies selling electricity at preferential tariffs.
They also decided that the preferential tariffs for renewable energy companies would be revoked in the case of establishing infringements on their part.
Business and government representatives and Borisov decided that a working group headed by Deputy Prime Minister Tomislav Donchev, which would also include Energy Minister Temenuzhka Petkova, Finance Minister Vladislav Goranov, Delyan Dobrev, Chair of the parliamentary energy committee, and representatives of employers’ associations, would draft a road map for reforms in the energy sector.
Kiril Domuschiev, head of the Confederation of Employers and Industrialists in Bulgaria (CEIBG), Vasil Velev, Chair of the Bulgarian Industrial Capital Association (BICA), and Tsvetan Simeonov, Chair of the Bulgarian Chamber of Commerce and Industry (BCCI), made clear that they still demanded the resignation of Ivan Ivanov, Chair of KEVR, according to reports of the Bulgarian Telegraph Agency (BTA).
They informed that they had not decided yet whether or not a protest would be held at the end of September over the increase in electricity prices for industrial consumers.
A new contract tied to the future construction of Kozloduy NPP’s seventh and eighth units was signed at the Council of Ministers between Kozloduy NPP–New Power Plants and the LEP-BWXT-CNPSA consortium
The Energy and Water Regulatory Commission has set the price of natural gas for December at 63.01 BGN per MWh, equivalent to 32.22 EUR per MWh
The Municipality of Gotse Delchev has approved one of the largest infrastructure projects in the region, granting unanimous consent to a cooperation agreement with the Swiss company
Turkey’s state-run energy company Botas reported a record loss of USD 1 billion (around 1.85 billion BGN) in 2024
Dimitar Georgiev, a Bulgarian financier and international markets analyst, stated that he does not anticipate any further increase in fuel prices in the country
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