Podcast in English
Text size
Bulgarian National Radio © 2025 All Rights Reserved

Government extends electricity subsidies for businesses till the end of April

Prime Minister Kiril Petkov after a meeting with employers on March 14. 2022.
Photo: BGNES

Bulgarian citizens should not give in to panic, Prime Minister Kiril Petkov urged after a meeting with employers. He was adamant that there would be no shortage of goods. 

We are putting out fire after fire, Petkov said, adding that there is speculation on the market. As for inflation, prices are expected to rise by a few percent, not in multiples. "We will be careful to limit the impact on inflation. Don't fall for fake news," the prime minister said. 
Compensation to companies for the increased electricity prices will be paid in April, too, as decided by the government. "Bulgaria is in the middle of an almost perfect storm," Petkov said, pointing out that in 90 days the cabinet is expected to solve the problems in the energy sector, which have accumulated over the years. The prime minister asked businesses to sign long-term contracts for electricity supply after the end of April. 



Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

122 years since the outbreak of the Ilinden-Preobrazhenie uprising

The 122 nd anniversary of the outbreak of the Ilinden-Preobrazhenie uprising will be marked on 2 August in the locality Predela with a flower and wreath laying ritual at the monument Ilinden. Razlog municipality has announced that the ritual will..

published on 8/2/25 7:05 AM

The Union of Thracian Societies commemorates the Ilinden–Preobrazhenie Uprising

In the village of Slaveyno near Smolyan, the Union of Thracian Societies in Bulgaria is organizing a National Gathering-Pilgrimage on August 2 and 3. The festival is dedicated to the 122nd anniversary of the Ilinden–Preobrazhenie Uprising and the 145th..

published on 8/2/25 5:35 AM

Temperatures begin to rise over the weekend

On Saturday minimum temperatures will range between 15 and 23° C., for Sofia 15° C. During the day the weather will be predominantly sunny, cumulus clouds will form around and after midday. There will be rain and thunder mostly in the mountain..

published on 8/1/25 6:35 PM