Stability Reigns: Sofia Real Estate Market Thrives Despite Uncertain Times
The real estate sector in Sofia has shown resilience in the face of ongoing pandemic challenges, maintaining stability across all segments in the first quarter of the year
Bulgarian miners are also preparing to stage a protest rally over the threat of having the country's Thermal Power Plants, TPPs, being taken off the energy grid.
The rally will be held Tuesday before the headquarters of the State Commission for Energy and Water Regulation, DKEVR, when the watchdog is expected to announce the final reduction of electric power prices.
DKEVR, and all three power distributors, CEZ, EVN, and Energo-Pro have proposed to lower these prices between 5% and 7%, effective March 1.
The change is to become effective immediately.
It will happen by reducing the costs of the power distributors and removing the TPPs using coal from the energy mix as they are deemed to be costly as well.
The measure, however, is expected to lead to the closure of the TPPs and of the coal mines.
About 2 000 miners are expected to rally in Sofia.
Trade union leader, Valentin Valchev, told Darik radio that the miners were outraged by the statement of outgoing Economy and Energy Minister, Delyan Dobrev, it would be better to have 500 of them be hungry than have millions rallying on the streets.
Meanwhile, hundreds of thousands across Bulgaria took to the streets once again Sunday in unprecedented since 1997 protest rallies against unbearable utility bills, monopolies and wide-spread poverty that turned into a civil unrest against the political model of ruling the country.
The demonstrations led to the resignation of the government of Prime Minister, Boyko Borisov, and his ruling Citizens for European Development of Bulgaria party, GERB
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The Nuclear Regulatory Agency (NRA) has greenlit the phased transition to a new type of nuclear fuel for Unit 5 of Kozloduy Nuclear Power Plant (NPP), manufactured by Westinghouse
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
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022