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

Prime Minister Rosen Zhelyazkov supports the peace plan for Ukraine

“Borders cannot be changed by force, and Ukraine’s long-term security must be guaranteed”, Bulgaria’s Premier Rossen Zhelyazkov said during a videoconference meeting of the “Coalition of the Willing”, led by French President Emmanuel Macron and UK..

published on 11/26/25 8:57 AM

Bulgaria and China discuss cooperation in the automotive sector

Business forum on the topic "Bulgaria - China: cooperation in the automotive sector" is being held on November 26 in Sofia. Its organizers are the Bulgarian Chamber of Commerce and Industry and the Embassy of the People's Republic of..

published on 11/26/25 7:30 AM

Draft budget 2026 sparks protests

The Bulgarian Industrial Capital Association has called for participation in a protest on November 26 against the budget for 2026, which is about to be adopted at second reading. "We call not only our members, but also all..

published on 11/26/25 6:50 AM