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Sofia Bulgaria can pass the Czech Republic as Eastern Europe's most lucrative solar energy market if the government removes legal pitfalls blocking investment in the country's strong sun potential, experts say.
Investors are looking for new opportunities in central and southeastern Europe after Spain and Germany, the global industry leaders in photovoltaics (PV) that turn sunlight into energy, have cut or plan to curtail incentives.
The Czech Republic has attracted the lion's share of investment in Eastern Europe due to generous subsidies. But Prague is expected to reduce the feed-in tariffs from 2010, a move that could make Bulgaria a more promising market in the medium to long-term, analysts say.
The Balkan country has already attracted applications for 1,000 megawatts of new solar parks thanks to its incentives.
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A remarkable shift in Bulgaria's energy landscape has been unveiled in the latest report from the Commission for Energy and Water Regulation, submitted to the Bulgarian parliament
The most powerful solar flare since 2017 has been registered so far
A groundbreaking hybrid charging station, equipped with solar panels and innovative batteries, has been developed in Bulgaria, capable of simultaneously charging up to 20 electric vehicles in just 15 minutes
In 2022, solar and wind power account for around 22% of EU electricity generation, the highest share in the EU to date
There are no special permits and licenses for the construction of small photovoltaic plants for own needs up to 10 kilowatts
For this period, the largest wind farm in Bulgaria provided the power consumption of 116 000 Bulgarian households
Brazen Bulgarian gangs "terrorise the elderly and rob them over their life savings with increasingly aggressive phone scams nettling millions of euros," according to an AFP story.
The prospect of US President Donald Trump's moving closer to Russia has scrambled the strategy of "balancing East and West" used for decades by countries like Bulgaria, the New York Times says.
Bulgarians have benefited a lot from their EU membership, with incomes rising and Brussels overseeing politicians, according to a New York Times piece.
German businesses prefer to trade with Bulgaria rather than invest into the country, an article on DW Bulgaria's website argues.
The truth about Bulgaria and Moldova's presidential elections is "more complicated" and should not be reduced to pro-Russian candidates winning, the Economist says.
President-elect Rumen Radev "struck a chord with voters by attacking the status quo and stressing issues like national security and migration," AFP agency writes after the presidential vote on Sunday.
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