Bulgaria May Shift from Flat to Progressive Taxes Within a Decade, IMF and Experts Say
The International Monetary Fund has indicated that Bulgaria’s flat tax system may not be sufficient to sustain growing demand for quality public services
Photo by BGNES
A new energy tax will be collected from the producers of renewable energy, Bulgaria's State Commission for Energy and Water Regulation decided on Tuesday.
The charge of BGN 2.45 per MW will be paid to the State System Operator for Electric Energy. It will be backdated to September 14, 2012, when the previous "temporary" fee, now declared illegal and scrapped by a court, came into force.
With the changes made by the energy watchdog, the State System Operator will be freed of the larger part of its duties to the producers. It will be able to subtract the new fee out of its financial liabilities - BGN 46.8 M as of February this year.
At the same time CEZ, EVN and Energo Pro, the power distributors operating in Bulgaria, are already preparing to return all the fees collected under the old taxation law to the renewable energy producers, which amount to BGN 95.1 M.
Representatives of the Bulgarian photovoltaic industry declared their intention to appeal the watchdog's decision for a new fee.
Power regulators also received the news with discontent, with some of them explaining that paying only to the State System Operator is "discriminatory" as they also have expenses for supporting the grid, Bulgarian newspaper Trud reports.
A new contract tied to the future construction of Kozloduy NPP’s seventh and eighth units was signed at the Council of Ministers between Kozloduy NPP–New Power Plants and the LEP-BWXT-CNPSA consortium
The Energy and Water Regulatory Commission has set the price of natural gas for December at 63.01 BGN per MWh, equivalent to 32.22 EUR per MWh
The Municipality of Gotse Delchev has approved one of the largest infrastructure projects in the region, granting unanimous consent to a cooperation agreement with the Swiss company
Turkey’s state-run energy company Botas reported a record loss of USD 1 billion (around 1.85 billion BGN) in 2024
Dimitar Georgiev, a Bulgarian financier and international markets analyst, stated that he does not anticipate any further increase in fuel prices in the country
Vladislav Panev, from the “Acceleration” Club and a former MP with the “Green Movement,” described the appointment of Rumen Spetsov as a special manager of Lukoil Bulgaria as surprising
Bulgaria's Strategic Role in the EU's Drone Wall Defense Initiative
When Politics Means Violence