Bulgaria: Pension Boost Restored After Backlash Over Reduced Increase
The Bulgarian government has decided to increase all pensions starting July 1
After June, sales of electricity are expected to jump even further due to the removal of an export fees.
Electricity exports from Bulgaria have increased by over 42% in the first four months of the year. This is shown by the data of the Electricity System Operator. According to the state-owned company, by the end of April the electricity production has increased by over 6%. Consumption in the country, however, has increased symbolically - nearly 2 per cent.
Most of the electricity in the country continues to produce the base plants - Kozloduy NPP and the heaters. For the first four months of the year, they have increased their production by nearly 13%.
More serious is the growth of electricity production from small renewable energy sources. They have increased the quantities offered by 15 per cent.
Surprisingly, hydroelectric power plants seriously reduced their production by nearly 40 per cent, a year earlier.
Since yesterday, a planned annual repair is one of the two Kozloduy NPP units. In addition to replacing its fuel, modernization will be carried out to allow the unit to operate at a capacity of 104%.
The repair is expected to close in mid-June. Until then, the largest electricity producer in the country will be the thermal power plants.
It is expected that by the end of the year both the increase of the electricity production in Bulgaria and the export will continue.
Ukraine's parliament, the Verkhovna Rada, has passed a law allowing the purchase of two Russian-made nuclear reactors originally intended for Bulgaria's Belene Nuclear Power Plant
Ukraine's parliament has given the green light for the acquisition of two nuclear reactors initially intended for Bulgaria's Belene Nuclear Power Plant (NPP)
For the ninth consecutive year (excluding 2022), the electrical industry remains the largest contributor to Bulgaria's exports, as reported by the Bulgarian Association of Electrical Engineering and Electronics (BASEL)
European natural gas prices have climbed above €55 per megawatt-hour for the first time in 16 months, driven by colder temperatures across the continent that are increasing demand for heating fuel
Serbian oil and gas company NIS, controlled by Russia’s Gazprom, is considering exiting its operations in Bulgaria and Romania due to ongoing difficulties in both markets
The Russian company Lukoil initiated the process of selling its Bulgarian assets in June last year, Prime Minister Rosen Zhelyazkov announced during a parliamentary hearing
Bulgaria's Perperikon: A European Counterpart to Peru's Machu Picchu
Bulgarians Among EU's Least Frequent Vacationers, Struggling with Affordability