Gas price likely to fall by 45% in November
The price of gas will most likely decrease in November by 45%, according to the new executive director of Bulgargaz, Denitsa Zlateva. This means that from 230 lv per MWh it will likely fall to less than 150 lv per MWh, the lowest price set for the regulated gas market in the country in months.
Bulgargaz says that the lower price is due to a better agreement between the Bulgarian gas distributors and the sellers and it is not simply due to the gas price plummeting worldwide.
MP's vote for Bulgaria to join Eurozone in 2024
MP's have voted for Bulgaria to enter the eurozone and use the euro as a currency from the beginning of 2024. Votes from GERB, We Continue the Change, DPS and Democratic Bulgaria were sufficient to enable the decision that followed a three-hour debate. Only Vazrazhdane voted against, while BSP and Bulgarian Rise abstained.
So it is that parliament has now 'instructed' the government and the Bulgarian National Bank to speed up negotiations with Brussels over the introduction of the euro. The decision specifies that Bulgaria can introduce the common currency only at the current exchange rate of 1.95583. Bulgaria's entry now hinges on several factors, such as the inflation rate and other external criteria, and is by no means guaranteed.
Three commissions still gridlocked
At least three parliamentary commissions still remain leaderless, preventing MPs from debating and passing legislation.
The Sports and Agriculture commissions cannot get a leader because the original support of WCC was later retracted, likewise the religious commission. The ongoing political crisis, stemming from the failure to elect a regular government, risks scuppering some potentially important parliamentary laws.