Foreign Interest Surges in Bulgarian Property Market, Especially in Resorts
Real estate agents have reported a surge in property purchases by foreigners in Bulgaria's resorts and major cities like Sofia, Plovdiv, Varna, and Burgas
If we compare the data of 2020 and 2019, we can see that electricity generation has fallen by almost 8%, which is a record for the last 10 years. Consumption also decreased by about 2.5%, but the export-import balance, which decreased by 41%, according to ESO data makes the strongest impression, energy expert Pavlin Pavlov told 3e news.net.
He stressed that the predictions of all experts were justified. "Given the huge impact of the pandemic, there was no way to see growth in production and consumption," the expert added.
According to him, it is not only the restrictions and closing the economy that have had such an impact. The main reason for the reduced production is that the Bulgarian electricity is becoming less attractive to foreign markets due to their unification. For example, electricity prices on regional markets are almost comparable. There has been no such market situation in the last 15 years.
As a result of the drastic restrictive measures affecting economic activity negative prices were recorded in some countries at certain hours in the first quarter of last year, the expert reminded.
He expects the future and development of Europe's electricity markets to be still impacted by the pandemic. The crisis that occurred in 2020 was surprising and unexpected. But it seems that this situation will not end anytime soon, and the call on humanity to learn to live with more limited resources and more distant from each other becomes increasingly more real, Pavlov predicts. In his words, there must be a way to rebuild economies and thus return to previous levels of demand and prices on European electricity markets.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
During a briefing at the Ministry of Energy, it was revealed that Bulgargaz intends to pursue legal action against Gazprom Export, seeking damages amounting to BGN 400 million
"Toplofikatsia Sofia," the capital's heating supply company, has proposed a significant reduction in the price of thermal energy starting from July 1st
The Kozloduy Nuclear Power Plant (NPP) in Bulgaria is set to embark on a significant transition as it begins the process of replacing Russian nuclear fuel with American fuel from Westinghouse
Bulgargaz, the leading public gas supplier in Bulgaria, anticipates a notable decrease in the price of natural gas for the upcoming month of May. According to Lyudmila Vitanova
Eurostat's latest findings have shed light on the shifting landscape of household energy prices in the European Union, with Bulgaria emerging as a frontrunner in affordability.
The Nuclear Regulatory Agency (NRA) has greenlit the phased transition to a new type of nuclear fuel for Unit 5 of Kozloduy Nuclear Power Plant (NPP), manufactured by Westinghouse
Sofia Airport's Terminal 3 Construction Set to Begin in Early 2026
COVID-19 Impact: Bulgaria's Grim Milestone as Highest Death Rate in EU