The business environment in Bulgaria has deteriorated further. We insist that the National Economic Council be convened, the President of the Bulgarian Industrial Capital Association Vasil Velev said for the BNR. Businesses in Europe receive compensations when electricity prices cross a certain threshold, while in Bulgaria this is not the case. "The retail price of electricity for households is lower than the wholesale electricity prices for the industry, while in Europe the average retail price of electricity for households/ wholesale price for the industry ratio is the opposite", added Vasil Velev.
In his view, the coal industries should be replaced by photovoltaics. "However, Bulgaria may lose European co-financing for this transition if it continues to delay its Recovery and Resilience Plan", Vasil Velev said. In the coming years, this country’s labor market will continue to lose 40 thousand people on an annual basis, the President of BICA predicted.
More and more foreign students have been choosing Bulgarian universities and higher education institutions in recent years, the Bulgarian News Agency (BTA) reports. The increased interest is due not only to the tuition fees, but also to the quality of..
The European Commission has opened penalty proceedings against five countries, including Bulgaria, for incorrectly implementing changes to European drinking water regulations, BTA reports. The countries were supposed to implement the amended..
This year, Bulgaria had the best winter season, Tourism Minister Miroslav Borshosh said at a briefing, referring to data for the first four months, BTA reported. For the first time, over 2 million tourist registrations were made – 6.4% more..
The challenges facing the energy sector in Bulgaria and the region were discussed by the Minister of Energy Zhecho Stankov and the Executive..
According to data from the European Environment Agency published by the European Commission and reported by BNR correspondent in Brussels Angelina..
The Maritsa East TPP complex will supply 50% of the energy for household consumers in Bulgaria. This was made clear at a briefing of..
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