Bread Prices in Bulgaria Surge by Over 43% Since 2021
Bread prices in Bulgaria have increased by over 43% since 2021, with costs continuing to rise regardless of the VAT rate
In August, natural gas prices in Bulgaria will see a slight increase. The Commission for Energy and Water Regulation has set the price at 60.75 leva per MWh, excluding additional costs such as access, transmission, excise duty, and VAT. This price applies to sales by "Bulgargaz" EAD to final suppliers and those licensed for thermal energy production and transmission.
The new rate represents a 4.5% rise from July’s prices. This increase is attributed to a temporary reduction in supplies due to repairs on the Trans-Adriatic gas pipeline, which will cut deliveries by 200,000 MWh from August 5-11. As a result, the share of more competitive Azeri gas in the price mix will decrease to 68.65%, leading to higher overall prices. The shortfall will be offset by more expensive storage gas from Chiren. Initially, "Bulgargaz" had proposed a 5.7% increase.
Azerbaijan has temporarily suspended natural gas supplies to Bulgaria
KazMunayGas, the state-owned oil company of Kazakhstan, is reportedly taking part in a tender to acquire the Bulgarian-based refinery of Russian oil giant Lukoil
Residents of Lovech region staged a second protest over the extended electricity crisis that disrupted their holidays
At a closed session, the Energy and Water Regulatory Commission (EWRC) approved an average increase of 8.42% in electricity prices for household consumers
Starting January 1, 2025, new prices for gas distribution and supply will come into effect for customers of Overgas Networks
The power outage in various regions of Bulgaria has led to serious concerns and protests from local residents
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