Monday began with the long-awaited news of whether the 2021 presidential election will coincide with a likely snap vote for members of parliamentary one. The Parliament Speaker Iva Miteva (from anti-elite There is Such a People formation) said that in her opinion it would be best if the two votes were held together. Furthermore, the day brought an another eagerly awaited reply to the question whether caretaker Minister of Economy Kiril Petkov can hold this post without his Canadian citizenship having been formally cancelled. It turned out that he had been officially informed by Canadian authorities that he was no longer a Canadian citizen. The outcome will depend of Constitutional Court decision.
Presidential and parliamentary elections: 2 in 1
Parliament Speaker Iva Miteva, a member of anti-elite political formation "There is Is such Such a People "(TISP), said it would be best if the 2021 presidential election planned for November coincided with a likely snap parliamentary election, which will be the second one to be held in the second half of this year. For her, this will save money. Miteva also said that a budget revision is being thoroughly discussed and will be put to the vote according to schedule but "another question is whether it will be approved with these parameters".
State-owned "Maritsa East 2" TPP's loss already exceeds revenues
State-owned thermal power plant (TPP) Maritsa East 2 is in financial collapse after its loss more than doubled year-on-year in the first half of 2021. According to the coal-fired power plant's financial report as of June 30 it has made a loss of 247.2 million levs (126.6 million euros), compared to a 115 million levs loss in the same period of 2020. The TPP's revenues decreased by 17% on the year in the six months through June, to 192.2 million levs. At the same time, its liabilities increased by about 200 million levs. The main reason for the soaring loss of TPP "Maritsa East 2" loss (besides the lack of optimizations and a transformation plan) is the higher price of carbon dioxide emissions.
Bulgaria to be able to trade in electricity with all of Europe from end-October
Bulgaria is expected to complete the establishing of electricity market union with Romania by the end of October 2021 which will allow Bulgaria to trade in electricity with all of Europe, said the executive director of Electricity System Operator (ESO) Angelin Tsachev. Although market unification with Romania had to take place by the end of 2020, this didn't happen because of a delay in the implementation of a project for uniting the markets of Hungary, Austria and Poland at their borders. Tsachev pointed out that there can't be further delays of the market union with Rfomania.