Compensation for business proposed by the government due to high electricity prices is not enough and may lead to a sharp economic decline, rise in unemployment and social tensions. This was what representatives of employers' organizations said at a meeting with President Rumen Radev. According to them, the proposed compensation ceiling of 30% of the difference between the actual market price of electricity for a month and the price defined by the moratorium for households made the measure ineffective and called for compensation of 75%.
President Radev called for “swift and highly-responsible actin so as to neutralize the consequences of the energy price crisis because the energy industry is the fundament for the development of any economy.” In his words this is directly connected with curbing inflation and improving the living standards of the population.
On Friday, the lowest temperatures will range from 14°C to 22°C, 16°C in Sofia. During the day, it will be mostly sunny over the northwestern and far eastern parts of the country. Cloud cover will be significant in the rest of the country and..
All serious fires in the country have been contained, said Alexander Dzhartov, Chief Commissioner and Director of the General Directorate for Fire Safety and Civil Protection, quoted by BTA. He added that efforts are currently underway to purchase new..
A new draft law on the supply chain for agricultural products and food proposes the introduction of quotas for Bulgarian produce in large retail outlets, as well as limits on trade mark-ups across the supply chain . Under the proposal, at least..
The Council of Ministers has decided to grant a total of €460,176 in aid to families affected by the forest fires. 'Until now, they could apply for..
More than 400 musicians from Serbia, Hungary, Georgia, Colombia, the Czech Republic, Moldova and Bulgaria will participate in the 33rd..
Firefighting equipment should be purchased for the Air Force, where an organisation and crew are already in place , rather than for the Ministry of the..
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