Bulgaria Gears Up for the Euro: Essential Cash Register and Vending Machine Updates (KEY DATES)
With Bulgaria preparing to adopt the euro as its official currency, changes in how retail transactions are processed are on the horizon
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.
Bulgaria has reached a strategic financing agreement with the American Citibank for the construction of Units 7 and 8 at the Kozloduy Nuclear Power Plant
Energy Minister Zhecho Stankov shared encouraging news for Bulgaria’s energy sector, highlighting that financial institutions are prepared to provide funding eight times greater than what is required for the construction
Energy Minister Zhecho Stankov has firmly criticized the 2022 agreement between state-owned Bulgargaz and Turkish company Botas, arguing that there was no objective reason to enter into such a deal
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
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