Bulgarian Energy and Water Regulator proposes 2% increase of natural gas price

The Bulgarian Energy and Water Regulatory Commission (KEVR) will decide in an open session on Tuesday whether to raise the price of natural gas as of 1^st October.

The regulator proposed to raise the price of gas by nearly 2% for the last quarter of 2016 due to price changes on world markets.

The proposed increase is less than the 3.27% demanded by Bulgargaz. The price of natural gas is the decisive factor in determining the prices of heating and hot water in Bulgaria. These, however, can change only if there is an increase or a decrease of 5% in the price of natural gas.

The Energy Law requires Bulgargaz to inform the public about planned changes in the price of natural gas a month before submitting a formal proposal to the Bulgarian Energy and Water Regulatory Commission KEVR.

NEWS FROM BCCI

The President of BCCI attended a meeting of IOE members from Europe and Central Asia in Copenhagen

The priorities of the policy of employers and new tendencies in the development of industrial relations were discussed More

A team of the European Court of Auditors visited BCCI

The topics of the meeting included the progress of the National Reform Programme in the country More

The newly-appointed General Consul of Bulgaria in Chicago visited BCCI

Opportunities for strengthening the bilateral cooperation between Bulgaria and the USA were discussed More

Bulgarian companies were invited to visit green development and investment expo in China

Delegation from the China Council for the Promotion of International Trade Jiangxi Subcouncil had a meeting with BCCI More

Cluster Hoisting Devices was established

BUSINESS CLIMATE

NSI: an improvement of the business climate in industry, construction and retail trade, September 2016

In the service sector – strengthening of the unfavourable influence of the factor ‘uncertain economic environment’ More

BULGARIAN ECONOMY

Bulgaria prioritizes gas links with Greece, Romania

The link with Romania will be up and running later this year More

Bulgarian Energy and Water Regulator proposes 2% increase of natural gas price

The price of natural gas is the decisive factor in determining the prices of heating and hot water in Bulgaria More

160 M litres of Bulgarian wine to be produced in 2016

Nearly 60 million litres of wine will be exported, mostly to traditional markets like Russia, the UK and China More

INTERNATIONAL COOPERATION

The sixteenth session of the Bulgarian-Chinese Intergovernmental Mixed Commission for Economic Cooperation was held in Sofia

The focus in the discussions was joint projects with China in the sphere of infrastructure, transport and energy More

Bulgaria and China sign protocol on export of Bulgarian dairy products

Currently Bulgaria has 28 approval procedures for the export of certain types of food and feed to China More