Natural gas price rises in first quarter of 2018

The Energy and Water Regulatory Commissionon on 28 December approved the price of natural gas for the first quarter of 2018. It is by 2.75% higher than the current price.

Prices of heat energy will remain unchanged until the end of the heating season. There will be no change in electricity prices for residential and non-residential consumers on the regulated market.

In the decision of the regulator, the approved gas price for the first quarter, at which Bulgargaz EAD (the sole public supplier of natural gas for Bulgaria) sells natural gas to end suppliers and customers connected to the gas transmission network, amounts to BGN 352.65 per 1,000 cubic meters or BGN 33.39 / MWh (excluding excise and VAT). It is by 2.75% higher compared to the current price for the 4^thquarter of 2017 and was determined on the basis of the submitted data and documents and after calculations according to the applied pricing model.

The natural gas price of BGN 352.65 per 1,000 cubic meters includes the component for the "public supply" service to the amount of BGN 4.76/ 1000 nm³, as well as the “public service obligation” component to the amount of BGN 1.35 / 1000 nm³, which covers the expenses of Bulgargaz EAD for storage of natural gas quantities in the gas storage facility in Chiren, according to the Emergency Plan. This price does not include prices for access and transmission through the gas transmission network, and the customers should pay them to the end suppliers according to the procedure of the Method for setting prices for access and transmission of natural gas through the gas transmission networks owned by Bulgartransgaz EAD, the regulator said.

NEWS FROM BCCI

Unemployment in Bulgaria is one of the lowest in the Balkans, according to an analysis of BCCI

Significant growth in economic activity and employment, as well as continuing decline in unemployment More

Greatest progress in economic freedom of Bulgaria show the international classifications – 2017

Shows analyses of our contry’s performance by economic indices in international classifications More

Competition in the field of international commercial law and international commercial arbitration to be held at BCCI

More than 30 Bulgarian and foreign arbitrators were involved at last year’s edition of Sofia VIS Pre-Moot More

BULGARIAN PRESIDENCY OF THE COUNCIL OF THE EU

New Year’s Gala Concert gave the start of the Bulgarian Presidency of the Council of the EU

With works of composers from all 28 EU Member States More

BNB issues 2 special coins for the Bulgarian Presidency of the Council of the European Union

“Abecedarium Bulgaricus” – Bulgarian art installation in the EU Council building in Brussels

To mark the start of the first Bulgarian Council Presidency in January 2018 More

BULGARIAN ECONOMY

The latest issue of the Monthly Report on Bulgarian Economy was released

It assesses the short-term dynamics of main economic indicators More

Natural gas price rises in first quarter of 2018

Prices of heat energy will remain unchanged until the end of the heating season More

Total Producer Price Index in November 2017 increased by 0.6% compared to the previous month

Compared to the same month of 2016 the prices rose by 5.7% More

TOURISM AND TOURISM INDUSTRY

Bulgaria reports foreign tourists growth

A growth of 7.3% in the number of foreign tourists for the period January-November More

ANNOUNCEMENTS

Bulgarian public holidays and non-working days for 2018