The termination of the long-term contracts with the thermal power stations “Maritsa Iztok-1” and "Maritsa-Iztok-3” (owned by the US companies АES and ContourGlobal respectively) is to take place by 30 June, 2021, as set down in the market reform schedule of the electric energy industry which the Ministry of Energy has sent the European Commission, BTA reports.
The contracts for the purchase of electric energy from the two power plants were signed by the National Electricity Company in 2001 by the government of Ivan Kostov. Terminating the existing long-term contracts is dictated by the EU rules regarding state aid and the planned wholesale market changes for the deregulation of the market.
As of October 1, the base interest rate in Bulgaria is 1.81%. The rate has been declining for the 12th consecutive month, this time by 0.01% compared to September 2025. The base interest rate in Bulgaria, which is used to calculate the annual..
Bulgaria’s accession to the eurozone will reduce transaction costs with key trade and investment partners, according to the annual U.S. State Department report on the investment climate in the country, reported BGNES. The report emphasizes that..
Less than 100 days remain until Bulgaria joins the eurozone, and this is another reason to talk about the incomes of people in Bulgaria, about the Bulgarian economy, about foreign investments and about the domestic labour market which reacts the..
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