Bulgarias state energy commission has approved a 9.14% raise in the heating price for Sofia, according to the decision of the regulator published on its website. The growth rate of the heating tariffs ranges from slightly more than zero in Kazanlak to almost 12% in Razgrad. The upward corrections in heating prices are based on 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. Recently, head of the commission Angel Semerdzhiev said he did not expect rising prices of natural gas and heating of Jul 1, 2012 as tariffs would already too high by then. |
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