Easter Monday in Bulgaria: Tradition and Family Visits
Orthodox Easter Monday is the day following Easter Sunday and is observed across Bulgaria as part of the wider Easter celebration within the Orthodox Christian tradition
Raiffeisenbank, EBRD Join Efforts on Sustainable Energy in Bulgaria
- Tweet
Send to Kindle
The EBRD, owned by 61 countries and two intergovernmental institutions, was created in 1991 to invest in former communist countries to help them transform their economies. File photo
The Bulgarian branch of the Austrian Raiffeisenbank and the European Bank for Reconstruction and Development (EBRD) have signed a second line of credit under a program for energy efficiency and renewable energy.
The program BEERECL will allow Raiffeisenbank (Bulgaria) to expand financing for sustainable energy investment by private companies in Bulgaria.
The EBRD loan of EUR 7.5 million will be on-lent by Raiffeisenbank (Bulgaria) to local enterprises.
Since 2002, Raiffeisenbank (Bulgaria) has participated in five EBRD credit lines for the financing of Bulgarian business and retail sectors, including sustainable energy financing under BEERECL and the Residential Energy Efficiency Credit Line frameworks.
Under the first BEERECL credit line of EUR 20 million, Raiffeisenbank (Bulgaria) financed the completion of 25 energy efficiency and renewable projects.
“This new BEERECL loan allows for a continuation of this strong cooperation in lending to companies for energy efficiency purposes and provides further support to local businesses,” EBRD said in an official statement.
Eligible energy efficiency projects will be designed to reduce energy consumption through investments, among others, to rehabilitate or replace boilers, modernize energy infrastructure, heat and steam recovery, process optimization and installation of enhanced controls and automation systems.
These could include investments in biomass, geothermal and biogas installations, as well as small wind turbines and solar thermal and hydro power projects.
The program is supported by technical assistance and a grant for final beneficiaries financed by the Kozloduy International Decommissioning Support Fund.
The grant is available for up to 15% of the principal amount of the loans financed under BEERECL and depends on the estimated energy savings in the case of energy efficiency projects and the capacity installed for renewable energy projects.
Related Articles:
Bulgaria Sees Modest Monthly Industrial Growth, But 8% Yearly Drop Persists
Industrial output in Bulgaria posted a modest monthly increase in February 2026, but continued to decline sharply on an annual basis, according to preliminary, seasonally adjusted data from the National Statistical Institute.
Trade Unions Warn: Prices in Bulgaria Won’t Fall Back Even If Fuel Gets Cheaper
The president of the Confederation of Bulgarian Trade Unions, Plamen Dimitrov, has warned that inflation in Bulgaria is likely to exceed earlier projections, even if fuel prices begin to decline
ECB: Euro Adoption Brought Only Limited, One-Off Price Impact in Bulgaria
The introduction of the euro in Bulgaria has so far produced only a limited and largely one-off effect on consumer prices, according to an analysis by the European Central Bank
“Christ is Risen!” Bulgaria Celebrates Easter
Easter is the most important religious holiday in the Orthodox Christian calendar and is widely celebrated across Bulgaria. It marks the resurrection of Jesus Christ and follows the completion of Holy Week, which includes Good Friday and Holy Saturday
Over 6.57 Million Bulgarians Eligible to Vote on April 19
The Central Election Commission (CEC) in Bulgaria has confirmed that a total of 6,575,151 citizens are eligible to vote in the upcoming elections on April 19
Politics | April 11, 2026, Saturday // 23:00
Bulgaria Hit by Fuel Shock as Diesel Prices Surge 37% Since Iran War Began
Bulgaria’s fuel market has recorded a sharp upward shift since the outbreak of the war in Iran, with diesel and petrol prices rising significantly across the country
Bulgaria: Second Black Sea Drilling in Khan Asparuh Block Fails to Find Natural Gas
The second exploration drilling in the Krum-1 area of the Khan Asparuh block in Bulgaria’s Black Sea has also failed to identify commercially significant natural gas deposits, according to OMV Petrom
Sofia Heating Price Hike Near 30% Sparks Backlash Over Household Costs
The Ombudswoman institution has voiced strong opposition to the proposed increase in heating prices in Sofia, which is expected to approach nearly 30 percent
Bulgaria Locks in Cheaper Natural Gas for April as Azerbaijan Deal Keeps Prices Below EU Average
The Energy and Water Regulatory Commission (EWRC) in Bulgaria has set the price of natural gas for April 2026 at 34.27 euros per megawatt-hour, excluding access, transmission, excise duties and VAT
Fuel Shock in Bulgaria: Diesel Prices Skyrocket Nearly 30% in One Month
Fuel prices in Bulgaria have recorded a sharp upward movement over the past month, with diesel showing the most significant increase, according to data from the Fuelo platform
Bulgargaz Confirms 5% Gas Rise for April, Says No Big Jumps Expected Soon
Bulgargaz has defended its previously submitted proposal for a 5% rise in natural gas prices for April before the Energy and Water Regulatory Commission, with CEO Veselin Sinabov stressing that there is currently no justification for any further increases
