Bulgaria's Housing Loans See 10% Growth Amid Rising Property Prices
Interest in newly built properties is on the rise, driven by factors such as increasing prosperity
The Thermal Power Plant "Bobov Dol" announced a temporary cessation of its operations, primarily attributed to the prevailing low electricity prices on the power exchange, as stated by the Executive Director, Eng. Lyubomir Spasov on January 4. The facility is undergoing maintenance, with one unit scheduled to resume operations by the following morning, and the second unit to recommence work shortly thereafter.
Throughout the preceding year, the power plant had experienced intermittent shutdowns, primarily planned for maintenance or in response to fluctuating electricity prices on the exchange. Eng. Spasov clarified that the current pause in operations is prompted by the notably low electricity prices:
"The plant is not experiencing any technical issues causing the shutdown. We have strategically paused operations for maintenance purposes while electricity prices on the exchange are favorable. We initiated work on one unit overnight, and it's already in production by morning. The next unit will resume operations in the upcoming days, each producing 150 kilowatt hours per unit."
The company is optimistic about the government's adherence to commitments outlined in the Just Transition Plan, especially concerning regions hosting coal-fired power plants such as Pernik, Stara Zagora, and Kyustendil. There's a collective hope that these facilities will remain operational until at least 2038.
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
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