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December 12, 2018

RDF-burning CHP plant project given go-ahead

The Bulgarian government has given the green light to the managing authority of Operational Programme Environment, part of the Ministry of Environment and Water, to sign an administrative agreement on…

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December 10, 2018

EEX, IBEX to launch Bulgarian power futures

Germany’s European Energy Exchange (EEX) and the Independent Bulgarian Energy Exchange (IBEX) have signed an agreement on the cooperation in the Bulgarian power market. As part of the cooperation and…

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November 16, 2018

President Rumen Radev vetoes higher taxes for older cars sought over air pollution

Bulgarian President Rumen Radev has vetoed changes to the corporate income tax law introducing higher taxes on older cars in a push to tackle air pollution in the country. According…

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November 15, 2018

Resalta implements one of largest, newest energy monitoring systems in Bulgaria for Serdika Center

Slovenia-based Resalta, a leading energy service company (ESCO) in South-East Europe (SEE), has recently completed a project for Serdika Center in Sofia, one of the largest shopping malls in Bulgaria….

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October 22, 2018

Sofia to deploy 15 electric buses in 2019 as it secures EUR 7.35 million loan from EBRD, GESF

The European Bank for Reconstruction and Development (EBRD) and the Green Energy Special Fund (GESF) have approved a EUR 7.35 million loan to Sofia Electrical Transport Company (SETC) for the…

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October 18, 2018

Inercom Bulgaria divests solar projects in fresh bid to buy CEZ assets

Inercom Bulgaria EAD has filed a fresh merger notification to the country’s Commission for the Protection of Competition concerning its deal to buy Czech energy group CEZ’s assets in Bulgaria,…

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October 10, 2018

EUR 230 million to be invested in improvements of Bulgaria’s water supply, wastewater treatment

A total of EUR 230 million is to be invested to improve Bulgaria’s water supply and wastewater treatment from Bulgaria’s, the EU’s, and the European Bank for Reconstruction and Development’s…

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October 5, 2018

Sofia transport operator plans to buy 30 electric buses

Urban transport operator Sofia Electrical Transport Company (SETC), wholly-owned by the City of Sofia, is set to get a EUR 14.7 million loan from the European Bank for Reconstruction and…

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September 18, 2018

IBEX, ESO join EU XBID Local Implementation Project

The Independent Bulgarian Energy Exchange (IBEX) and the country’s Electricity System Operator (ESO) have become part of a project for market coupling of intraday markets (IDM) through the 15th XBID…

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August 14, 2018

BEH gets EBRD’s financial backing to help with energy market liberalization

State-owned energy company Bulgarian Energy Holding (BEH) has secured a EUR 100 million investment from the European Bank for Reconstruction and Development (EBRD) in its seven-year EUR 550 million bond…

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August 9, 2018

Biomyc develops biodegradable packaging solution to substitute polystyrene, protect oceans from pollution

The Expanded Polystyrene Foam (EPS), a type of plastic, is widely used in the packaging industry. This non-biodegradable material has short usage cycles and a very low recycling rate, which…

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August 6, 2018

Bulgaria’s NEK reports net loss in H1, to cancel some projects

Power utility Natsionalna Elektricheska Kompania (NEK) reported a BGN 74 million (EUR 37.8 million) net loss for the first six months of the year, according to the interim financial report…

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