"Bulgaria has a broader set of tools to address the energy crisis which has affected Europe. There are many thermal power plants in Bulgaria using local coal. The cost of electricity produced in coal-fired power stations is lower than the cost of electricity produced in gas-fired power plants", the newly-appointed Chairman of the Energy and Water Regulatory Commission (EWRC) Stanislav Todorov said for the BNR.
"Bulgaria does not have a strong incentive to raise electricity prices after the end of the moratorium on the prices of electricity for households, because there is no power shortage in the country", Stanislav Todorov pointed out. He added that the current energy crisis was caused by geopolitical factors. Trading the whole electricity on the day-ahead market in times of crises and uncertainty is wrong and this needs to be changed, the Chairman of the Energy and Water Regulatory Commission further said.
The Association of Bulgarian Tour Operators and Travel Agents (ABTTA) expects tourism growth in Bulgaria to slow down due to the unfavourable economic situation in many of its source markets. It is not yet clear what effect Bulgaria's accession to the..
The expected adoption of the single European currency from January 1, 2026 is one of the many topics dividing society. In addition to being a cause for political quarrels, the euro is also a cause for concern among some Bulgarian..
At the end of 2024, Bulgarians' wealth hit a record high of 1 trillion leva (€511.29 billion), which is five times higher than the gross domestic product. According to a study by the Expert Club on Economics and Politics, reported by BNR's Natalia..
The positive convergence report will have a positive impact on people's standard of living and purchasing power, as well as on the country’s business..
Partly Cloudy
Clear
Partly cloudy, chance of rain