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Economy

Commission for Protection of Competition fined Lukoil-Bulgaria over 67 million BGN for abuse of dominant position

The Commission for Protection of Competition on February 17 imposed a pecuniary sanction in the amount of BGN 67 771 454 on Lukoil-Bulgaria for abuse of a dominant position by applying a price pressure against the company's competitors in the wholesale of motor fuels on the territory of the...
National statistics: Incomes grow slightly slower than spending, consumption of some staple foods declines
National statistics: Incomes grow slightly slower than spending, consumption of some staple foods declines
The quarterly average total income per person in a household in the fourth quarter of 2022 was BGN 2,426 and increased by 19.1% compared to the same quarter of 2021, according to National...
Food shops checked for artificially inflated prices
Food shops checked for artificially inflated prices
Following an order by the Council of Ministers, checks have been launched on food shops against artificially inflated prices. The inspection started from the coastal city of Bourgas on February...
More loans, less savings in 2022, according to central bank statistics
More loans, less savings in 2022, according to central bank statistics
Bulgarian National Bank reports an increase in household loans. In 2022, they were more than 2.831 million. The increase compared to 2021 is 1.5%. The amount of household loans increases by...
EC forecasts 7.8% inflation in Bulgaria in 2023
The European Commission forecasts inflation in Bulgaria to be 7.8% in 2023. Because of high energy prices, inflation in 2022 was 13%. It is...
Caretaker Prime Minister, employers’ organisations discussed prices of food products
Caretaker Prime Minister, Gulub Donev, on February 9, held a meeting with employers' organisations in the Council of Ministers. The discussion was...
Bulgatransgaz: Cooperation with reliable LNG suppliers ensures uninterrupted supplies in Bulgaria
Cooperation with reliable LNG suppliers has ensured uninterrupted supplies to the country, said Bulgartransgaz CEO Vladimir Malinov at the Fourth...
Eurostat: Pizza price in Bulgaria is 37% up, in Italy - 10%
Eurostat has published data on pizza price rises in the European Union on the occasion of National Pizza Day tomorrow, February 9. According to...
Former energy minister and former head of "Bulgargaz" accused of buying gas from Gazprom through intermediaries
Former energy minister and former head of "Bulgargaz" accused of buying gas from Gazprom through intermediaries
Former Energy Minister Alexander Nikolov and one of his deputies - Danail Nikolov, as well as...
Prices of basic foods in Bulgaria have risen between 20% and 40% in just a year - government takes urgent measures
Prices of basic foods in Bulgaria have risen between 20% and 40% in just a year - government takes urgent measures
Caretaker Prime Minister Gulub Donev on February 7 held a working meeting with the ministries...
Government starts daily analysis and control of food prices in Bulgaria
Government starts daily analysis and control of food prices in Bulgaria
Caretaker Prime Minister, Gulub Donev, on February 7, initiated a meeting at the Council of...
Government to take urgent measures to address rising food prices
Government to take urgent measures to address rising food prices
The caretaker government is looking for ways to tackle food prices speculation in the country,...
Natural gas price in Bulgaria drops by nearly 31% in February
Natural gas price in Bulgaria drops by nearly 31% in February
The Energy and Water Regulatory Commission cut the price of natural gas by nearly 31% in...
Natural Gas Price proposed by Bulgargaz for February is BGN 124.35/MWh
Natural Gas Price proposed by Bulgargaz for February is BGN 124.35/MWh
BGN 124.35/MWh (excluding excise duty and VAT) is the final proposed price for February 2023, at...
Bulgaria’s central bank removes old 20 lev banknotes from circulation
Bulgaria’s central bank removes old 20 lev banknotes from circulation
The 20 lev banknotes, issue 2005, will be withdrawn from circulation on February 1 and will no...
Parliament’s Economic Policy Committee seeks answers from mobile operators because of announced increase in prices of services
Parliament’s Economic Policy Committee seeks answers from mobile operators because of announced increase in prices of services
Two of the three mobile operators in Bulgaria have informed that they are raising prices from...
Annual inflation rate in Bulgaria is 16.9% - statistcis
Annual inflation rate in Bulgaria is 16.9% - statistcis
The annual inflation rate in Bulgaria is 16.9%, according to the National Statistical Institute....
Council of Ministers set a ceiling on the market revenues of electricity producers
Council of Ministers set a ceiling on the market revenues of electricity producers
The Council of Ministers has set the levels that serve for the calculation of the market revenue...
Bulgaria ranks 50th in terms of wealth out of 133 countries according to Harvard University
Bulgaria ranks 50th in terms of wealth out of 133 countries according to Harvard University
Bulgaria ranks 50th in terms of wealth per capita out of a total of 133 countries surveyed. It...
Bulgaria to sign a Memorandum with Greece to ensure security of supply and storage of natural gas
Bulgaria to sign a Memorandum with Greece to ensure security of supply and storage of natural gas
One or more Greek suppliers of the Greek national gas transmission system to register as users...
2023 will be a key year for Bulgaria in the preparations for the adoption of the euro
2023 will be a key year for Bulgaria in the preparations for the adoption of the euro
Bulgaria is entering a crucial year in the process of preparing the country for euro adoption....
Bulgaria’s public supplier "Bulgargaz" signs agreement for access to Turkish LNG terminals
Bulgaria’s public supplier "Bulgargaz" signs agreement for access to Turkish LNG terminals
Bulgaria’s public supplier "Bulgargaz” signed an agreement for a period of 13 years,...
Kozloduy NPP signed an agreement for nuclear fuel supply
Kozloduy NPP signed an agreement for nuclear fuel supply
After signing a contract with Westinghouse earlier this month, Bulgaria’s Kozloduy...
“Bulgargaz” seeks nearly 28% higher gas price for January
“Bulgargaz” seeks nearly 28% higher gas price for January
The state-owned company "Bulgargaz" will ask for a 27.6% increase in the price of natural gas...
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