Trump Shifts Stance: Emphasizes Importance of Ukraine's Survival Amid Aid Package Debate
In a notable shift of tone, former President Donald Trump acknowledged the significance of Ukraine's survival to the United States
Bulgarian PM Boyko Borisov has vowed that his government will try to compensate Bulgaria's poorest for a raise in the price of electricity that is to enter in force Sunday.
Bulgaria's energy regulator, the State Commission for Energy and Water Regulation, announced Friday that the price hike will be as high as 13%, not the expected 10%, which were already seen as too steep.
"There are some 300,000 poor people in Bulgaria whom the Ministry of Labor and Social policy has to help via energy aid so that they don't feel this raising of electricity prices," stated PM Borisov Saturday.
The Bulgarian PM went on to blame for the price hike on regulatory requirements for the production and sale of renewable energy.
According to Borisov, the renewable energy component is excessive and has not been adequately priced in what he termed "criminal and lobbyist" legislation passed under the previous, tripartite coalition cabinet led by the Bulgarian Socialist Party.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
In a bid to enhance its energy security and diversify its gas supply sources, Bulgargaz is gearing up for the first deliveries of liquefied gas through the Alexandroupolis terminal, set to commence in May
The Greek national electricity company, PPC, has announced plans to acquire 500 megawatts of photovoltaic capacity in Bulgaria
Oil prices have surged due to renewed concerns about the Middle East conflict. Brent crude futures increased by 0.32% to 90.80 USD per barrel, while American WTI crude rose by 0.3% to 86.50 USD per barrel
Bulgaria's state-owned energy company, "Bulgargaz," has suffered a significant setback, losing 27% of its market share as a result of a contract with the Turkish company "Botas"
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
Natural gas prices in Europe experienced a significant spike, surpassing 2% to reach 29 euros per megawatt-hour (MWh) on Monday
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022