Invest in Bulgaria - The Preferred Partner of Investors Seeking Opportunities in Bulgaria
Follow:
GUGUSHEV & PARTNERS is among the leaders on the Bulgarian legal market Comprehensive Organization of MBA and EMBA Study Trips in Bulgaria
NEWS BY TOPIC
FDI in Bulgaria (13)
Health (4)
Macroeconomic Data (49)
Business (361)
Investments (155)
Infrastructure (97)
Financial (126)
Economy (350)
Construction (14)
Politics (62)
Real Estate (27)
Interesting Facts (24)
Sports (10)
NEWS BY SECTOR
Software and Information Technology (28)
Real Estate (56)
Tourism (112)
Waste Management (9)
Automotive (23)
Electronics (3)
General (81)
Renewable Energy (66)
Agriculture (22)
Construction (90)
Food and Beverage (20)
Textile (2)

Bulgaria's State-Owned Gas Company Seeks 16% Price Hike from July
BULGARIA'S STATE-OWNED GAS COMPANY SEEKS 16% PRICE HIKE FROM JULY
Date: 11/06/2012
Source: novinite.com
Bulgaria's State-Owned Gas Company Seeks 16% Price Hike from July

State-owned gas supplier Bulgargaz has requested a 15.73% price increase from July 1, according to a media statement published on the company's website on Monday.

Bulgargaz bases its demand on the higher US dollar value and on the unfulfilled circumstances provided in the report of the State Commission for Energy and Water Regulation (DKEVR) on gas prices from April 1.

The company further highlights the need to inject some 148.5 million cubic meters of gas into the Chiren underground storage facility to guard against supply disruptions in the next hearing season.

The proposed gas price increase does not take into account the 11% discount Bulgaria is supposed to get from Russia from Aril 1 because the agreement has not been finalized.

Bulgargaz calls for a 15.73% price spike from July 1 to BGN 809.05 per 1000 cu m, excise duty and VAT excluded.

Bulgargaz closed 2011 at a loss of BGN 72.2 M.

"Add to that the BGN 37.391 M loss for 2010 and the operating loss of BGN 101.821 M by April 30, 2012, and it makes it pretty obvious that the company is in a difficult financial situation," Bulgargaz says.


Topic: Economy



Featured District
TARGOVISHTE DISTRICT AND CITY INFORMATIONTargovishte
Invest Bulgaria Charts
Trade Balance of Bulgaria
Trade Balance of Bulgaria

Tax Revenue of Bulgaria as Percent of GDP
Tax Revenue of Bulgaria as Percent of GDP

See all charts
Did You Know?
Bulgarian Wine
Bulgarian Wine
Bulgaria has been in the wine business for over 1200 years. The taste and quality of the Bulgarian ... More

Sozopol is one of the oldest towns on the Bulgarian Black Sea coast. The oldest artifacts found in Sozopol, date from IV-III millenium B.C.

Intelligence Pathways - Outsource your Business, Competitive Intelligence or Back Office to Bulgaria

Bulgaria Translation - Full service Bulgarian Translation company

© Copyright 2004-2020 Invest Bulgaria Group Ltd, Sofia, Bulgaria. All rights reserved.

 
Please read Conditions of Use, Copyright Statement and Privacy Policy for this web page and web site.


SEO оптимизация Bulgaria Translation Bulgarian Agriculture Bulgarian Textile BestFlowers.bg Sofia Web Works Bulgarian Coins Intelligence Pathways Bulgarian Outsourcing

Crafted by Sofia Web Works. Maintained by Website Maintenance, the kings of Website Migration.


Our Featured Members