The day in 3 news: Coal transition plans postponed; Russian vessels circle Bulgarian waters; Factory prices fall

The day in 3 news: Coal transition plans postponed; Russian vessels circle Bulgarian waters; Factory prices fall

© ЮЛИЯ ЛАЗАРОВА


Borissov offers concessions to miners

GERB leader Boyko Borissov has promised protesting miners that coal plants will work until 2038, but if workers opt for voluntary redunancy they will be eligible to receive compensation of three years' salary.

Employees in coal-related enterprises have staged protests in different regions over the past couple of day, blocking road arteries, demanding to keep their jobs.

Today the government must accept the territorial plans for a just transition of the three coal regions - Stara Zagora, Pernik and Kyustendil, in order to send them to Brussels by tomorrow's deadline. The plans stipulate that Bulgaria can receive up to 1.3 billion euros of funding for the economic transition of the regions but it must begin to shut plants down.

Bulgaria remains the only European country that has not yet submitted its revised plans for reforms and investments - a mandatory condition for continued participation in the program.

Russian ships in Bulgaria's Black Sea territory

Russian ships have been circling around the Bulgarian exclusive economic zone in the Black Sea and making provocative moves against other countries' commercial vessels, according to Defense Minister Todor Tagarev.

Bulgaria's economic zone in the Black Sea has been disturbed in several weeks by Russian vessels, developments that threaten security, according to Tagarev. Yesterday, French giant Totale announced the cancellation of its gas exploration in one of the sea offshore blocks on account of the presence of tension in the area.

Industrial index down

After high inflation over the past 18 months, factory prices in August fell by 20.4% on an annual basis. Compared to July, the decrease is insignificant - by 0.2%. At the same time, the production prices of a number of products continue to rise.

Compared to August 2022, price falls are evident in the production and distribution of electricity and heat energy and gas - by 51.9% mining industry - with 3.0%, and the processing industry - by 0.2%.

A significant increase in prices in the processing industry was registered in the production of tobacco products - by 45%, and the production of products from other non-metallic mineral raw materials - by 18.1%.

Borissov offers concessions to miners

GERB leader Boyko Borissov has promised protesting miners that coal plants will work until 2038, but if workers opt for voluntary redunancy they will be eligible to receive compensation of three years' salary.

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