Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

Finance Minister: We need a balanced scheme to help businesses over expensive electricity

Photo: BGNES

The scheme to support Bulgarian businesses due to high electricity prices must be balanced, said Deputy Prime Minister and Finance Minister Asen Vassilev at a meeting of parliamentary committees on finance and energy. According to him, it is not possible for the state to take the full risk of businesses in the electricity sector. 

"The dramatic situation is due not so much to increased consumption or less supply on the Bulgarian market, but to the connection of the Bulgarian market with international markets and the extremely high level of exports, which raises prices," said the Minister. 
The Ministry of Finance has provided a total of BGN 860 million in budget funds for additional support of Bulgarian businesses in the period December-March.



Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

PM Glavchev: Our goal is to adopt the euro in 2025

Speaking at a meeting with ambassadors from EU member states, the US, the UK and Switzerland , caretaker Prime Minister Dimitar Glavchev said that the main task of the interim government was to hold fair and democratic elections.  At the same time,..

published on 5/8/24 2:40 PM
Presidents Rumen Radev (L) and Ilham Aliyev, 7 May, Baku.

Bulgaria and Azerbaijan sign Declaration on Strategic Partnership in Baku 

Presidents Rumen Radev and Ilham Aliyev have signed a Declaration on Strategic Partnership between Bulgaria and Azerbaijan.  The Bulgarian head of state is on an official visit to Baku at the invitation of his Azerbaijani counterpart. This is the..

published on 5/8/24 2:31 PM

Deputy Prosecutor General Elena Karakasheva heads unit for fairness of elections

Acting Chief Prosecutor Borislav Sarafov, the Minister of the Interior Kalin Stoyanov and the chairman of the State Agency "National Security", Plamen Tonchev, have signed a joint order for actions of the institutions to guarantee..

published on 5/8/24 11:39 AM