Podcast in English
Text size
Bulgarian National Radio © 2024 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

Rosen Zhelyazkov

Parliament rejects GERB-SDS cabinet proposal

After a heated debate, Parliament rejected the proposed GERB-SDS cabinet with Rosen Zhelyazkov as Prime Minister. It was supported by 98 MPs, with 138 voting against and two abstaining. Zhelyazkov, representing the first political force in Parliament,..

published on 7/3/24 4:42 PM

Poll: 63% of Bulgarians say increasing arms supplies to Ukraine is a 'bad idea'

Ukrainian optimism clashes with European scepticism ahead of the NATO summit, with divisions emerging over defence spending and how the war will end. These are the conclusions of a report based on a new survey by the European Council on Foreign..

published on 7/3/24 3:28 PM

People in northern Greece thank Bulgarian fire-fighters for their help

Under the program of the European Civil Protection Mechanism, 240 firefighters from 4 countries arrived in Greece to help their Greek colleagues, the Bulgarian Fire Protection Directorate has reported. Due to the high temperatures..

published on 7/3/24 11:53 AM