Coface Warns of Mounting Financial Risks for Bulgaria's Automotive Sector
Coface has highlighted a significant potential risk for thousands of companies in Bulgaria
Plans to reduce greenhouse gas emissions from light and light commercial vehicles by 2030, unofficially approved by EU ministers, were voted by MEPs.
MEPs and EU ministers agreed on higher targets (37.5%) to reduce greenhouse gas emissions for new cars by 2030 compared to the 30% target proposed by the European Commission. The legislation also sets targets for reducing CO2 emissions for new light commercial vehicles (31%) by 2030, the EP said.
Manufacturers whose average emissions exceed the limits will have to pay an excess emissions premium. By 2023, the European
Commission will have to assess whether these values should be used to finance a fair transition to zero-emission mobility and to help new skills acquirers in the automotive sector.
The new law requires an EU-wide assessment of the full life cycle of vehicle emissions. The Commission should also assess whether a common evaluation methodology and uniform reporting needs to be developed by 2023 at the latest.
The weather on Friday will be predominantly sunny across most of the country
On June 12, southern Bulgaria will see mostly sunny skies during the morning hours
New commission will offer pragmatic and cost-effective health sector solutions to address climate change
Wednesday’s weather on June 11 will be predominantly sunny across most parts of Bulgaria
Bulgaria will start the day with sunshine on Tuesday, though clouds are expected to build during the afternoon, especially over the southwest
Monday will bring mostly sunny skies across Bulgaria, though the afternoon hours will see a change in the west, where rain clouds are expected to build
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