EU Annual Inflation Slows in March 2024, Bulgaria's Rate at 3.1%
Eurostat's latest report revealed a slowdown in annual inflation across the European Union, with the figure dropping to 2.6% in March 2024 from 2.8% the previous month
Bulgaria, Estonia and Sweden have achieved their 2020 renewable energy targets, according to Eurostat.
The share of renewables in gross final energy consumption is one of the headline indicators of the Europe 2020 strategy. The target to be reached by 2020 for the EU28 is a share of 20% renewable energy use in gross final energy consumption. The national targets take into account the Member States' different starting points, renewable energy potential and economic performance.
In 2012, Bulgaria's share of renewables in gross final energy consumption stood at 16.3%, against a target of 16% for 2020.
In 2004, Bulgaria's share of renewables in gross final energy consumption amounted to 9.6%, increasing to 14.4% in 2010 and to 14.6% in 2011.
In 2012, energy from renewable sources was estimated to have contributed 14.1% of gross final energy consumption in the EU28, compared with 8.3% in 2004, the first year for which this data is available.
Largest increases in share of renewables between 2004 and 2012 in Sweden, Denmark and Austria. Since 2004, the share of renewable sources in gross final consumption of energy grew in all Member States.
The largest increases during this period were recorded in Sweden (from 38.7% in 2004 to 51.0% in 2012), Denmark (from 14.5% to 26.0%), Austria (from 22.7% to 32.1%), Greece (from 7.2% to 15.1%) and Italy (from 5.7% to 13.5%).
The highest shares of renewable energy in final energy consumption in 2012 were found in Sweden (51.0% of energy from renewable sources in gross final consumption of energy), Latvia (35.8%), Finland (34.3%) and Austria (32.1%), and the lowest in Malta (1.4%), Luxembourg (3.1%), the United Kingdom (4.2%) and the Netherlands (4.5%).
In 2011, Estonia was the first Member State to reach its 2020 target and in 2012 Bulgaria, Estonia and Sweden already achieved their 2020 targets (16%, 25% and 49% respectively).
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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
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