Text size

Minister of Economy: Caretaker government has tamed soaring energy prices

published on 10/30/22 1:25 PM

Nikola Stoyanov

Photo: Savina Spasova, BNR

Bulgarian economy has been very stable since 2021, despite the crises, with very high growth in both exports and imports. In the last quarter of 2021, GDP grew by more than 10%.

World Trade Organisation data for the first half of 2022 also show that the Bulgarian economy is growing, Minister of Economy Nikola Stoyanov told BNR. Expectations of an increase in the number of job cuts also did not materialise.

According to the minister, inflation is expected to go down and energy prices are contained. The caretaker government has prepared measures that will lead to a lasting drop in fuel prices. Among them is seizing excess profits not only of electricity producers but also of fuel producers, the latter also concerning oil producer Lukoil.

Последвайте ни и в Google News Showcase, за да научите най-важното от деня!

Radio Bulgaria News crisis energy inflation Nikola Stoyanov

More from category

CITUB trade union: Mechanism for forming mark-ups on goods remains unclear 4 months before the introduction of the euro

Small retail outlets maintain lower prices compared to large chains, with differences ranging from 1 to 10%. This is one of the conclusions of the CITUB trade union's monthly monitoring of the prices of goods from the so-called small consumer basket...

published on 8/15/25 11:51 AM

Bulgarian government approves project to build NATO base with Italy’s help

The Council of Ministers has approved a draft agreement with Italy for the joint construction and use of the Kabile military district, the Defense Ministry announced. The new NATO base will include the Bezmer air base and will host the Alliance’s..

published on 8/15/25 11:48 AM

Skopje wants the Constitutional Court to annul an agreement with Bulgaria and the EU

The Constitutional Court in Skopje has initiated a case to establish the constitutionality and legality of the protocol of the second meeting of the Joint Intergovernmental Commission of North Macedonia and Bulgaria , the Maxfax agency reported...

published on 8/15/25 9:41 AM