Economy
Current economic news — markets, investments, business, inflation, and financial policies in the country and globally.
Budget and Finance Committee Adopts Rules for the Election of a BNB Deputy Governor
The Budget and Finance Committee approved procedural rules for the election of a deputy governor in charge of 'Emissions' at the BNB. The decision drew criticism from the opposition, which believes that the election should be held by the next parliament and that there should be more time for debate.
Caretaker Government Approves Joint Statement on Gas Security
The caretaker government has approved a joint statement on enhancing the security of natural gas supplies for Central and Eastern Europe. Bulgaria is active in diversifying sources and routes.
Klisurski: We will not allow speculative price increases upon the introduction of the euro
Acting Finance Minister Georgi Klisurski assured that Bulgaria will prevent speculative price increases upon the introduction of the euro. The government and institutions will work to protect citizens.
Bulgaria's Transition to the Euro: Exchange, Checks, and the Fight Against Counterfeit Banknotes
As of February 23rd, over 86% of the leva have been exchanged. Checks for violations in dual pricing, as well as for counterfeit euro banknotes, are ongoing. The Consumer Protection Commission and the National Revenue Agency are reporting violations and imposing sanctions.
Road Conditions in Bulgaria: Restrictions and Repairs (updated)
Current overview of road conditions in Bulgaria. Information on restrictions, repairs, and temporary traffic organization in various regions and on major road routes.
"Bulgargaz" in de facto bankruptcy: Minister Traykov on the problems in the energy sector
Minister Traycho Traykov announced that "Bulgargaz" is in de facto bankruptcy due to unfavorable market conditions, loss of market share, and unfavorable contracts. Measures are being discussed for reforms in the energy sector and for resolving the problems in "Maritsa East" and TPP "Maritsa East 2", as well as securing funds for miners' salaries.
Traycho Traykov: Compensations for inflated electricity bills through reimbursement or deduction
Minister Traycho Traykov announced compensations for subscribers with inflated electricity bills. These will be reimbursed directly or through a deduction from the next bill. The EWRC (Energy and Water Regulatory Commission) is investigating the reason for the difference in December and November bills.
Food Price Increases: How Have Food Prices Changed in the Third Week of February?
The prices of many food products in Bulgaria continue to rise, according to data from the DKCBT. The market price index shows an increase, with the most significant price increases for lemons, red peppers, and dairy products.
Yellow Code for Snowfall in 13 Regions: API Warns of Winter Conditions
API warns of a yellow code for snowfall in Central and Eastern Bulgaria and the Rhodopes. Drivers should be careful and drive with cars prepared for winter. Traffic restrictions are possible.
Temenuzhka Petkova: We Leave the Caretaker Government Stable Public Finances
The outgoing Finance Minister Temenuzhka Petkova handed over the post to Georgi Klisurski. She reported stable public finances, fulfilled criteria for the Eurozone, and revenue growth.
Road Conditions in Bulgaria: Current Information on Restrictions and Repairs (updated)
Current road conditions in Bulgaria: traffic restrictions, repairs on major road routes and motorways. Information on road accessibility and winter conditions.
Expanding the program for controlling the black flathead borer in perennial crops
The national program for pest control in perennial crops is expanding, including control of the black flathead borer (Capnodis tenebrionis). The program includes measures during the winter period and financial support for farmers.
Lukoil: No risk of fuel shortage in Bulgaria, Neftohim Burgas is a technological marvel
Rumen Spetsov from „Lukoil“ reassured about the fuel supply in Bulgaria. The refinery in Burgas is operating stably and adapting to different types of crude oil. The financial situation has been stabilized.
Road near Sozopol temporarily closed due to flooding
The municipal road from “Gradina” camping to “Zlatna ribka” is closed after heavy rains. The Mayor of Sozopol also provides recommendations for drivers.
Trakia Motorway Reopened After Hours-Long Blockade Due to Snowdrifts
Trakia Motorway in the Burgas-Zimnitsa section is again open to traffic after more than 4 hours of closure due to severe weather conditions: snowdrifts, strong wind, and incidents.