The last day of Parliament delivered a heavy blow to the Prosecutor-General. Deputies voted to transfer the Special Bureau for witness protection from the prosecution service to the Justice Ministry, thus taking away a force that was seen as a "praetorian guard" to the Prosecutor General. A small step on the road to justice reform, but a step nonetheless.
Energy prices are 11% higher
Electricity prices are through the roof again - 171.5 euro per MwH, which is 11% higher than yesterday. Sadly, the prices will keep going up in the near future. This is a pan-European trend; however Bulgaria keeps exporting energy to its neighbors which helps keep their prices down and ours up. It is not known whether the state will take any measures to limit the export.
Employers union demands an end to coal production in 2035
The Association of Industrial Capital demanded an urgent meeting of the National Economic Council to discuss how to file the Recovery and Resilience plan in Brussels as soon as possible. The stumbling block is the European Commission's demand for Sofia to decide on an end date for coal production. Bulgaria is the only EU country not to have already done so. If we don't file the Plan by the end of September, there will be no money from the Plan entering the economy this year. The Association proposes 31 December 2035 as the end date for coal mining.
Bulgarian National Bank issues more debt
The new issue will be of 300 million levs, or just over 153 million euro of 10-year Treasury bonds due September 2031. The yield will be 0.1%. This is the sixth issue this year - Bulgaria has already issued 1 bln. Levs or 500 million euro and can issue up to 3.5 billion more.