The day in 3 news: Penalty interest fees might be lowered, Bulgarian solar park for Macedonia, Toplofikacia tracks experts

The day in 3 news: Penalty interest fees might be lowered, Bulgarian solar park for Macedonia, Toplofikacia tracks experts

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Parliament keeps on discussing changes at a frantic pace - all this despite no new government being formed. The ex-Finance minister announced that the Budget will hold only if the pandemic doesn't get worse - the funds for COVID-related measures are planned only until June.

Bulgaria, meanwhile, entered a downward trend: for the first time in a while, the number of deaths is just a little above 100 - 106 people in the last 24 hours, which is half yesterday's figure. New cases are also down by 25% on a seven day rolling estimate - 2096.

Lower penalty interest fee proposed

Democratic Bulgaria filed in Parliament a proposal for change in the maximum interest fee that can be imposed in the event of delayed payments to the budget and banks. Currently, it stands at 10 percentage points above the main interest rate, which is 0% at the moment - meaning 10% fee. The proposal suggests a new threshold for individuals - 4%, and 8% for companies.

A Bulgarian company will build a large solar park in Macedonia

Solarpro Holding (partly owned by the publisher of "Capital" Ivo Prokopiev) won a bid this month to build the park in the neighbouring country. The new PV power plant will be one of the two future partners of the state-owned ESM. Under the BOT contract (Build, Operate and Transfer) Solarpro will build a 50 Mwh park. The investment will not be publicly announced, but it is supposed to be between 22-25 million euro. 18% of any future revenue will go to ESM.

Sofia Heating Company seeks consultant and experts for its incinerator

Toplofikatsia Sofia has announced two competitions: one for 1.6 million euro for a managing team for the incinerator and one for almost 4 million euro for a consultant to oversee the construction. There are supposed to be people from the administration, people from the company and 11 outside experts in the managing team - altogether 27 people. And the consultant is supposed to evaluate the normative base and make sure the construction of the incinerator is completely legal.

Parliament keeps on discussing changes at a frantic pace - all this despite no new government being formed. The ex-Finance minister announced that the Budget will hold only if the pandemic doesn't get worse - the funds for COVID-related measures are planned only until June.

Bulgaria, meanwhile, entered a downward trend: for the first time in a while, the number of deaths is just a little above 100 - 106 people in the last 24 hours, which is half yesterday's figure. New cases are also down by 25% on a seven day rolling estimate - 2096.

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