Winter Tourism: 1.8 Million Visit Bulgaria
Bulgaria has witnessed a bustling winter tourism season, with a total of 1.8 million tourists gracing its picturesque landscapes from December 1 to March 25
The Bulgarian government has decided to give €25 per MWh to all companies in the country as compensation for rising electricity prices. Still, the political crisis has blocked the implementation of this decision.
The money can be paid only after the new parliament’s election, which will need to update the state budget. This could happen at the end of November at the earliest, caretaker Prime Minister Stefan Yanev said on Monday.
The business aid will cost about €330 million in half a year. The government has money because budget revenues have risen this year, but it cannot spend them without a parliamentary decision.
The average exchange prices of electricity have risen from nearly €50 / MWh to 100-125 BGN / MWh, In the last few months, which has faced a difficult situation for several sectors of the economy.
The caretaker PM explained that if there is no budget update in November, the aid for companies will come in January 2022 at the earliest.
The measure that will be implemented is that of the Kozloduy nuclear power plant. It will launch packages of cheaper 300 MWh of electricity for small and medium-sized companies.
The other possible measure for implementation will be the change of the exchange rules for electricity trading, which means reducing the commissions for the intermediaries. Yanev stressed that the reasons for the increase in electricity are due to the international situation./Krassen Nikolov, EURACTIV.bg
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
The real estate sector in Sofia has shown resilience in the face of ongoing pandemic challenges, maintaining stability across all segments in the first quarter of the year
Bulgaria has witnessed a bustling winter tourism season, with a total of 1.8 million tourists gracing its picturesque landscapes from December 1 to March 25
Trade relations between Bulgaria and Ukraine have reached unprecedented heights, with bilateral trade hitting a record 3 billion USD in 2022, according to statements made during the recent Bulgarian-Ukrainian business forum
As of 2022, the count of fellow countrymen who purchased real estate overseas reached 2,154, based on data from the National Revenue Agency referenced by "Telegraph"
Bulgaria's long-anticipated entry into the Eurozone may face a delay, as the country is unlikely to meet the inflation criterion required for the introduction of the euro on January 1, 2025
FlixBus, the renowned European bus company, is set to launch new routes to and from Bulgaria in anticipation of the summer season
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022