The day in 3 news: Bulgaria joins nuclear COP28 initiatives; Farmers to get subsidies of 3 billion levs; 500 leva tax floated for secondhand cars

The day in 3 news: Bulgaria joins nuclear COP28 initiatives; Farmers to get subsidies of 3 billion levs; 500 leva tax floated for secondhand cars

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Bulgaria set to treble global nuclear capacity

Bulgaria will take part in two global energy initiatives, it was announced at the beginning of the climate conference COP28 in Dubai. One of the goals is to pledge to treble nuclear power capacity by 2050, while the other is to treble renewable energy capacity by 2030 and double the pace of energy efficiency.

The nuclear initiative has 22 countries on board, including the USA, Great Britain, France and Japan. Both initiatives are of an advisory nature, and in order to become binding, must be included in the final documents of the meeting in the United Arab Emirates. This will not be easy as at least 200 countries would have to agree.

Three billion levs for farmers

Bulgarian farmers will have received a little over 3 billion levs in subsidies by the end of 2023, confirmed Minister of Agriculture Kiril Vatev in response to a question about protests by livestock breeders and producers

He emphasized that the concentration on subsidies diverts attention from the market. "The most important thing that must happen in Bulgarian agriculture is high productivity in order to be competitive on the market," insisted Vatev, who before becoming a minister worked as a large meat processor.

Old cars must be taxed

Minister of Transport Georgi Gvozdeikov revealed that more than 350,000 cars were imported into the country in 2022 and that Bulgaria is the European country with the highest number of imported second-hand cars.

He insisted on state control measures to tackle the pollution caused by these old vehicles. "If we tax this import per car, let's say, with a minimum of 500 levs, there is a tool, a fund that can be used for subsidizing, to support society and people who want to buy electric cars."

Environment minister Julian Popov subsequently said he supported the idea of such a tax.

Bulgaria set to treble global nuclear capacity

Bulgaria will take part in two global energy initiatives, it was announced at the beginning of the climate conference COP28 in Dubai. One of the goals is to pledge to treble nuclear power capacity by 2050, while the other is to treble renewable energy capacity by 2030 and double the pace of energy efficiency.

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