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 to the presidential office’s press release, higher levies would not have the desired environmental impact. In 2017, Bulgaria was the first country to be sentenced […]
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. Resalta has modernized the center’s energy monitoring system, significantly improving Serdika’s ability to control its energy consumption, the ESCO said in a press release. Serdika […]
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 first phase of the modernization of Sofia’s bus fleet through the acquisition of up to 15 low-floor electric buses with fast-charging technology and six charging […]
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, having restructured and divested its solar photovoltaic power projects, local media reported, citing a statement from Inercom Bulgaria EAD. Inercom Bulgaria EAD said that the […]
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 (EBRD) sources. The Fund Manager of Financial Instruments in Bulgaria (FMFIB), or Fund of Funds, has been set up by the Bulgarian state to structure […]
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 Development (EBRD) to enhance its bus fleet through the purchase of 30 low-floor electric buses with fast charging technology and 12 charging stations, as well […]
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 Local Implementation Project, IBEX said in a press release. The Local Implementation Project 15 (LIP 15) involves the market operators and transmission system operators (TSO) […]
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 issuance to refinance an earlier bond under better terms, in what will improve its financial structure and is expected to help with the country’s energy […]
