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.
On Monday it will be mostly sunny, over the mountainous regions – with insignificant cumulus clouds. A light to moderate wind will blow from the east-northeast. The minimum temperatures will be between 1°C and 6°C, and the maximum – between..
The former leader of the Bulgarian Socialist Party, Kornelia Ninova, has founded her own party under the name "Unyielding Bulgaria." The goal of the formation is to offer an alternative to the current ruling model. "We cannot accept the..
The national campaign “Caps for the Future”, which aims to purchase medical equipment for the treatment of children, is being held in Sofia and five other cities . Its initiators expect to collect about 60 tons of plastic on the central square “Knyaz..
Bulgaria’s President Rumen Radev discussed ways to boost trade and investment between Bulgaria and Poland during a meeting with representatives of..
In an open letter to Prime Minister Rosen Zhelyazkov and the Ministers of Agriculture, Finance and Economy, the Bulgarian Farmers' Union calls for new..
Since the beginning of the year, Bulgaria has also met the price stability criterion for eurozone membership, Minister of Finance..
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