The government will not allow a rise in the price of electricity for household users after the full liberalization of the electricity market, Prime Minister Nikolay Denkov said before the start of today’s Council of Ministers sitting. His comment comes in response to the fears that electricity bills will go up, triggered by the amendments to the Energy Act.
“I would like to reassure all Bulgarian citizens that this is not going to happen. A price-formation model is in place which will keep the price of electricity for household users the same up until mid-2024,” the prime minister said. After that, a change is possible on the basis of a decision by the Energy and Water Regulatory Commission. Even then, the price rise would not be by more than a few percent, PM Denkov said.
The European Commission (EC) has published its sixth annual Rule of Law Report , which covers the 27 EU member states and four candidate countries. The report notes legislative progress in Bulgaria during the Zhelyazkov cabinet's term, the..
A student protest titled "Education is a Right, Not a Privilege!" will take place at 6:00 PM on July 9 in front of the Rectorate building of the Sofia University '' St. Kliment Ohridski'' . The protest is in response to the increased tuition fees..
"I think we have an excellent result in the plenary just a few moments ago and 531 members voted “for” Bulgaria to join the Eurozone and paving the last steps of what we have been saying for a long time, that the euro means security and stability". This..
The EU Council on Economic and Financial Affairs (ECOFIN) unanimously approved the final three acts enabling Bulgaria’s accession to the eurozone...
The EU's Economic and Financial Affairs Council (ECOFIN) has allowed Bulgaria and 14 other EU countries to exceed their budget limits in order to boost..
Following the Council of the EU's and the European Parliament's decision on Bulgaria's accession to the eurozone, the country is entering the final phase..
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