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.
It will be sunny on Saturday. In the morning fog is expected in the eastern regions of Bulgaria. The lowest temperatures will be between 11 and 16°C; in Sofia – about 12°C. The highest will be between 29 and 34°C; in the capital..
The poverty line for 2025 will be BGN 638 (EUR 326.2), the government has announced. It will increase by BGN 112, or by 21.3% compared to 2024. '' The new poverty line will positively impact vulnerable and low-income groups'', the government said...
400 foreign citizens who have been granted temporary protection status in Bulgaria will study at Bulgarian state universities in the new 2024/2025 academic year. The number of students was approved by a government decision. The students will be..
On Sunday a cold atmospheric front will pass through the country. In the morning, the cloudiness will begin to increase rapidly from..
Travelling to Israel and staying in the country should be avoided, except in case of emergency, the Bulgarian Ministry of Foreign Affairs said...
Nikola Nikolov - Pascal, considered one of the largest smugglers, has been arrested in Serbia during a joint operation by Bulgarian and Serbian..
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