President Rumen Radev has vetoed the amendments to the Energy Act, by force of which the electricity market for household consumers will be fully liberalized by 2026.
“The standard of living for the majority of Bulgarian citizens remains the lowest in the EU, and the planned changes could make things even more difficult for the people who are finding it difficult to meet their basic living expenses,” the motives read. The president expresses doubts whether the transition period set down, during which as of 2024 household consumers will receive compensation, and in which a full liberalization of the market will be put in place at the end of 2025, will be effective. Rumen Radev also warns that closing down the public provider will lead to the swift closure of the Maritza Iztok mines.
“There is no risk of a sharp rise in prices,” said Prime Minister Nikolay Denkov in a comment on the veto by the president. “This liberalization had to happen, the regulation is from 2019. Bulgaria is running significantly late with regard to the agreements it has signed,” the Bulgarian prime minister said further.
On Tuesday the weather will be sunny and hot over most of the country. Clouds will form over Western and Central Bulgaria in the afternoon and there will be brief showers, thunderstorms and hail. Minimum temperatures 19-24° C., for Sofia 20° C.,..
Lifeguards will be stationed at seven of the unguarded beaches in Varna Region, the regional administration's press service has announced. A contractor has been appointed to carry out the work. There will be three stationary lifeguard posts at the..
Bulgaria’s national team of mathematics put up an excellent performance at the Junior Balkan Mathematical Olympiad. Six Bulgarian students returned from the event in Antalya June 25-30 with six medals, the Ministry of Education has announced...
Bulgaria’s national team of mathematics put up an excellent performance at the Junior Balkan Mathematical Olympiad. Six Bulgarian students returned from..
Bulgaria’s President Rumen Radev handed the first cabinet-forming mandate to Rossen Zhelyazkov who is the prime minister-designate of the largest..
On Tuesday the weather will be sunny and hot over most of the country. Clouds will form over Western and Central Bulgaria in the afternoon and there..
+359 2 9336 661