Financial and business news from Bulgaria

Delaying changes to the Energy Act, questions have emerged

Changes to the Energy Act will be delayed because of a postponed meeting of the energy parliamentary committee.
MPs were scheduled to meet on Sunday, but issues have emerged that they cannot resolve until tomorrow, reports GERB MP Valentin Nikolov, quoted by BGNES.

The amendments must regulate a mechanism for reimbursement under contracts concluded between the public supplier Bulgargaz, EAD and its clients.

This is necessary in connection with the renegotiation of the gas price between Gazprom Export and Bulgargaz as of 5 August 2019.

Yesterday the business demanded the resignation of Energy Minister Temenuzhka Petkova. The occasion is how Bulgargaz will return to its customers the excess amounts after according to business in Bulgaria, it is intended to “divert in an unknown direction BGN 45 million from the industry in Bulgaria. At a time when the economy is brought to its knees, employers” say.

Today Prime Minister Boyko Borisov announced that the amendments to the Energy Act are made in the National Assembly and not by Temenuzhka Petkova.

Two committees will meet tomorrow — budgetary and legal. They will discuss the amendments to the Law on the State Budget for 2020 and the Law on Measures and Actions during the State of Emergency.

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