In a significant development for the country's energy security, the government announced a substantial increase in the budget of the Ministry of Energy. Following a tense meeting of the Council of Ministers, Minister of Energy Zhecho Stankov informed the media that an additional 1.5 billion leva would be allocated. This impressive sum is intended to support the Bulgarian Energy Holding (BEH) by increasing its capital.
The decision comes at a crucial moment
The decision comes at a crucial moment when the state energy system faces challenges related to the need for modernization and ensuring market stability. Minister Stankov emphasized that this move is part of a broader strategy aimed at strengthening state participation in the strategic energy sector.
"We have adopted a decision by the Council of Ministers, which outlines the steps for increasing the state's shareholding in BEH," he stated, clarifying the motives behind the government measure.
According to the minister, the additional funds are directly related to the updated medium-term budget forecast for the period 2025-2028. Stankov assured the public that, although significant, this capital injection will not have a negative effect on the country's financial stability.
"The capital increase... does not affect the deficit in any way," he categorically added, trying to allay any potential concerns about fiscal discipline.
Experts are watching this move closely, as it could signal greater state intervention in the energy sector. The increase in the capital of BEH, which is a central pillar of Bulgarian energy, could lead to greater control and opportunities for investments in key projects, guaranteeing Bulgaria's energy independence and security. It remains to be seen how this financial boost will affect the long-term plans of the holding and the country's overall energy strategy.
/MK/