Housing Prices Rise in Sofia, but Affordability Improves
Housing affordability in Sofia has improved since the pandemic, making it one of the few capitals in Central and Eastern Europe (CEE) to experience this positive trend
Bulgaria's state gas supply company, "Bulgargaz," has once again blocked all accounts belonging to the municipal heating company, "Toplofikatsia Sofia" (Heating Systems Sofia). This development was initially reported by" Focus" media, citing reliable sources, and later confirmed by BNT.
This marks the first time such action has been taken by Bulgargaz, despite numerous letters regarding overdue payments linked to a natural gas supply contract. In 2022, the Energy and Water Regulation Commission (EWRC) conducted an inspection in response to the situation.
In April 2024, the caretaker government declined to absorb the 1.6 billion leva debts owed by "Toplofikatsia Sofia," primarily to the Bulgarian Energy Holding. The state holding had previously intervened to support the municipal heating service, and each time Bulgargaz threatened legal action or account blockages, funds were provided, which were never recouped.
This ongoing situation poses a serious risk for residents of Sofia, who may face heating shortages as the heating season approaches.
The price of natural gas in Bulgaria is expected to rise by nearly 11% in December, reaching 76 leva per megawatt-hour before taxes and additional charges
The resignations pose a serious risk of prolonged power outages in ten regions just before the holiday season
The European Bank for Reconstruction and Development (EBRD) has approved a loan of up to 50 million euros for Tenevo Solar Technologies EAD to build and operate a solar photovoltaic plant in southeastern Bulgaria
The owner of the Burgas-based oil refinery, Lukoil Neftohim, through its parent company Litasco
Russian energy giant Lukoil has announced plans to sell its largest asset in the Balkans
On November 5, 2024, Westinghouse Electric Company, Hyundai Engineering & Construction Co., and "Kozloduy NPP - New Powers" EAD signed a contract in Sofia to initiate engineering services
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