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.
The two men suspected of murdering 20-year-old Marian Paskov in the town of Kula have been arrested in the Czech Republic, the Prosecutor’s Office announced. 29-year-old Anton Iliev and 20-year-old Valentin Kamenov are to stand trial on charges..
A fifth boycott of large retail chains has been announced for today. The organizers also called on citizens to refrain from using banking services. The initiators state that the boycott will continue until effective measures are taken to..
Hundreds of citizens protested last night in central Sofia and other major cities, expressing support for rule of law and free and fair elections. The protest was mottoed ''Who Blocked the Constitution''. ''In a criminal symbiosis, the state-owned..
EUR 87 million under the operational programme Transport Connectivity, earmarked for the Russe-Veliko Tarnovo motorway is being redirected to the Europe..
Bulgarian Ambassador to the United States Georgi Panayotov and Raycho Raychev, founder and CEO of the Bulgarian company EnduroSat , met with experts..
The prehistoric complex "Provadiya-Solnitsata" - the oldest salt production and urban centre in Europe (5600 - 4350 BC) - is among the sites nominated..
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