Bulgarias state energy commission may decrease the heating price by 5-7% as of July 2012, Angel Semerdzhiev, head of the commission, said, as quoted by Dnevnik daily. Such a price cut would be linked to a drop in the natural gas price, following the 11% discount negotiated for Russian gas supplies earlier this month. The heating price was already raised as of April (by 9.14 in Sofia), due to a cumulative 17.62% natural gas price increase since end-2011, including 4.37% as of Jan 1 and 12.73% as of Apr 1. |
The EC has sent a reasoned opinion to Bulgaria over failure to comply with EU rules on the free movement of capital, the EC said on its website. The privatisation act in Bulgaria introduces ... more
Bulgaria will be seeking an extension of the court procedure filed by the EC against the country over irregularities found in the assignment of digital broadcast spectrum, transport minister ... more
Bulgarian individuals and companies hold EUR 100mn in Cypriot banks according to ECB data, BTA reported quoting Reuters. The largest EU depositors in the crisis-hit country are Greece with EUR ... more