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Unions and businesses protest against hike in industrial electricity prices

Photo: BTA

Without compensation for the price of electricity, companies will be uncompetitive, said Vasil Velev of the Bulgarian Industrial Capital Association (BICA) at a press conference held jointly with trade unions. Those who cannot pass on the increase in the price of electricity to the price of their products and those with international contracts will go bankrupt - Velev added. Others will have to cut workers' wages or social benefits. 
As social partners, BICA and the trade unions insist that the state be clear about the key economic indicators for 2025 and continue to compensate industry for the excessively high price of electricity. 

"We are not talking about aid, we are talking about compensation. Compensation is not related to the state budget, it is available in case of high prices," Velev explained. If no compensation is decided, the employers will protest together with the trade unions on 15 January at 11 am, the press conference announced. 

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