Mass Layoffs Impact Thousands of Bulgarian Workers Amid Investor Withdrawals
Mass layoffs have resurfaced in Bulgaria's labor market, with nearly 10,000 workers affected in the past two years
All 5 companies from the shortlist of approved strategic investors for Belene NPP have confirmed their offers. The deadline was January 31st. The shortlisted companies are the China National Nuclear Corporation (CNNC), Atomenergoprom AD which is part of Rosatom, Korea Hydro-Nuclear Power, Framatome SAS - France and General Electric - USA. The Korean corporation has asked clarifying questions, BNR reported.
For the ninth consecutive year (excluding 2022), the electrical industry remains the largest contributor to Bulgaria's exports, as reported by the Bulgarian Association of Electrical Engineering and Electronics (BASEL)
European natural gas prices have climbed above €55 per megawatt-hour for the first time in 16 months, driven by colder temperatures across the continent that are increasing demand for heating fuel
Serbian oil and gas company NIS, controlled by Russia’s Gazprom, is considering exiting its operations in Bulgaria and Romania due to ongoing difficulties in both markets
The Russian company Lukoil initiated the process of selling its Bulgarian assets in June last year, Prime Minister Rosen Zhelyazkov announced during a parliamentary hearing
In 2023, 10.6% of the population in the European Union reported being unable to keep their homes adequately warm
The Bulgarian government has announced a program to compensate businesses and non-household electricity subscribers for high energy costs until the end of March
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