Mayor Assures Sofia Residents: No Risks for Heating Season
Sofia's Mayor Vasil Terziev reassured residents that there are no risks for the upcoming heating season after a meeting with Energy Minister Vladimir Malinov
Natural gas prices will go up by 6.67% to BGN 594.37 per 1000 cu m, VAT excluded,as of October, according to an announcement of Bulgaria's State Commission for Energy and Water Regulation (DKEVR).
The final decision for gas rates in Q4 2011 was taken at a Tuesday closed session of the watchdog, following a discussion with state-owned gas supplier Bulgargaz.
Bulgargaz's initial proposal was for a 13.86% gas price hike in Q4 2011, which the DKEVR working group countered with a suggestion for a 8.6% increase.
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
In 2023, 10.6% of the population in the European Union reported being unable to keep their homes adequately warm
The Bulgarian government has announced a program to compensate businesses and non-household electricity subscribers for high energy costs until the end of March
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