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Economy

Bulgargaz proposes 45% cheaper natural gas for November, no increase in heating and electricity prices expected

The price of natural gas in Bulgaria may drop by 45% in November, CEO of public supplier Bulgargaz, Denitsa Zlateva, said on October 28 during the open meeting of the energy regulator, where the new price proposal for next month was discussed. The price proposed to the regulator is 130 BGN...
Cabinet approves strategy, action plan on Bulgaria's transition to circular economy
Cabinet approves strategy, action plan on Bulgaria's transition to circular economy
Council of Ministers on October 26 adopted a strategy and action plan for the transition to a circular economy in Bulgaria for the period 2022-2027. The aim is to achieve resource efficiency by...
Trade unions: Monthly living income for a family of three in Bulgaria is 2,376 BGN per month
Trade unions: Monthly living income for a family of three in Bulgaria is 2,376 BGN per month
BGN 2,376 per month is needed for a family of three in September 2022, according to the Institute for Social and Trade Union Research of CITUB trade union. In a year, the cost of living has...
Tourism industry predicts 20% more expensive winter season
Tourism industry predicts 20% more expensive winter season
The tourism industry demanded another compensation from the state. This time because of the high heating bills. Despite the state compensations, and significantly increased prices, they claim that...
Trade unions demand 18.7% rise in wages by the end of the year
Trade unions in Bulgaria seek an 18.7% increase in income by the end of the year. Thus, they say, households will be compensated for the high...
Annual inflation reaches 18.7% in September, statistics
Bulgaria’s National Statistical Institute on October 17 reported that the annual inflation in September 2022 is 18.7%.The monthly inflation...
An investment map for Bulgaria's re-industrialisation is being prepared
Work has started on the creation of an investment map for the re-industrialisation of Bulgaria, which will be based on the raw materials extracted...
More and more pensioners in Bulgaria are working so they can support themselves
More and more Bulgarian pensioners are working, the National Statistical Institute reports. Compared to last year, there are 47,000 more working...
78% of Bulgarians fear how they will cope financially in 2023
78% of Bulgarians fear how they will cope financially in 2023
78% of the Bulgarians fear how they will cope financially in 2023, according to the results of a...
29% gas price reduction for November proposed by public supplier Bulgargaz
29% gas price reduction for November proposed by public supplier Bulgargaz
Bulgaria’s public supplier "Bulgargaz” proposes a gas price for November of BGN...
Bulgaria’s Bansko ski resort is preparing for the winter tourist season
Bulgaria’s Bansko ski resort is preparing for the winter tourist season
The tourist business in Bansko ski resort is preparing for the upcoming winter season. The first...
Global automotive manufacturer to invest in Bulgaria
Global automotive manufacturer to invest in Bulgaria
A new investor, a global manufacturer in the automotive industry, has confirmed its plans to...
Energy Minister met with the management of Azeri state-owned energy company SOCAR
Energy Minister met with the management of Azeri state-owned energy company SOCAR
Bulgaria’s caretaker Minister of Energy, Rosen Hristov, on October 5, met with...
EU energy ministers approved a plan of power savings
EU energy ministers approved a plan of power savings
EU countries should introduce a mandatory 5% reduction in electricity consumption in peak hours...
Energy regulator gave the green light to the gas interconnector with Greece
Energy regulator gave the green light to the gas interconnector with Greece
Bulgaria’s energy regulator (Energy and Water Regulatory Commision) on September 30...
Caretaker Minister of Economy: Some enterprises will switch to alternative fuels
Caretaker Minister of Economy: Some enterprises will switch to alternative fuels
"We will be able to keep the price of the gas mix within the limits that the business has set...
Gas price drop by more than 30% was discussed at energy regulator
Gas price drop by more than 30% was discussed at energy regulator
30% lower gas price as of October due to the start of the Bulgaria-Greece interconnector. The...
Permit for use for the gas interconnector with Greece has been issued
Permit for use for the gas interconnector with Greece has been issued
A permit for the use of the gas connection with Greece has been issued, Bulgaria’s...
Caretaker Energy Minister: No gas shortage expected, stable supply forecast for heating season
Caretaker Energy Minister: No gas shortage expected, stable supply forecast for heating season
"No gas shortage is expected. Our forecasts are for a stable supply during the heating season...
Sofia hosts international business forum
Sofia hosts international business forum
"Today we are organising a forum together with the European Economic and Social Committee, the...
Hoteliers: State owes us hundreds of thousands of BGN for accommodation and food for Ukrainian refugees
Hoteliers: State owes us hundreds of thousands of BGN for accommodation and food for Ukrainian refugees
Hoteliers on the Northern Black Sea coast claimed that the state owes them hundreds of thousands...
Bulgargaz increases reserved capacity at Alexandroupolis LNG terminal
Bulgargaz increases reserved capacity at Alexandroupolis LNG terminal
Bulgaria’s public supplier, "Bulgargaz” EAD, has signed an additional agreement with...
Gas interconnector between Bulgaria and Greece will start operation from October 1
Gas interconnector between Bulgaria and Greece will start operation from October 1
The Greece-Bulgaria gas interconnector will be put into operation on 1 October with an official...
Regional Development Minister: The state is ready for Act 16 of the interconnector with Greece
Regional Development Minister: The state is ready for Act 16 of the interconnector with Greece
"The state is ready for Act 16 (authorisation for use) of the interconnector with Greece,...
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