Bulgaria Links Defense Modernization with Economic Stimulus
Bulgaria is moving forward with plans to modernize its armed forces
The European Commission has decided to render legally binding the commitments offered by the Bulgarian Energy Holding (BEH) to end competition restrictions on the country’s wholesale electricity market.
The Commission had concerns that BEH may have abused its dominant position on the market for the wholesale supply of electricity at freely negotiated prices, in breach of EU antitrust rules. In particular, the Commission investigated clauses in electricity supply contracts concluded between BEH's production units and third parties, such as traders, that impose restrictions on where these third parties could resell the electricity bought from BEH.
To address the Commission's concerns, BEH has committed to offer certain volumes of electricity on an independently-operated day-ahead power exchange in Bulgaria. The state-owned company will set up the power exchange with the assistance of an independent third party with expertise in the area, and transfer control of the ownership of the exchange to the Bulgarian Ministry of Finance.
These measures will ensure the independence of the power exchange, the Commission said in a news release on Thursday.
EU competition commissioner Margrethe Vestager, commented: "Territorial restrictions that divide energy markets along national lines prevent us from achieving a true European Energy Union. Today's decision will end these restrictions in Bulgaria and make the Bulgarian wholesale electricity market more open and transparent.”
Authorities have launched a wide-ranging investigation into the controversial gas transmission agreement between Bulgaria’s state-owned Bulgargaz and the Turkish company Botas
The European Commission is preparing a new phase of green legislation that could significantly impact fuel prices across the EU
As of July 1, a new pricing period begins for household electricity, heating, and hot water in Bulgaria
At an open session, the Energy and Water Regulatory Commission (EWRC) reviewed a proposal submitted by Bulgargaz EAD on June 10, 2025, for setting the July sale price of natural gas to end suppliers and licensed heating energy producers
The upcoming rise in electricity prices starting in July is expected to influence inflation in Bulgaria
For the first time in Bulgaria’s history, solar energy production surpassed national electricity consumption during a specific time window
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