Day in 3 news: Budget deficit reaches 1 billion levs; No European commissioner nominated; 800 million wind park in Dobrich

Day in 3 news: Budget deficit reaches 1 billion levs; No European commissioner nominated; 800 million wind park in Dobrich

© Цветелина Белутова


This is the last issue of our daily news bulleting for August. For the rest of the month, you will receive a weekly roundup of the most important events of the week on Friday instead.

Budget deficit grows

The budget deficit at the end of July was 1 billion levs, according to preliminary data from the Ministry of Finance. The amount represents 0.5% of the estimated gross domestic product (GDP).

For comparison, as of July 2023, a surplus of 0.5 billion levs (0.2% of GDP) was reported, and last month - a deficit of 600 million levs.

The difference with last year comes mainly from dividend receipts from state-owned enterprises and revenues from the sale of greenhouse gas allowances, the announcement said.

No new commissioner

The official cabinet will not proceed to nominate a candidate for the Bulgarian European Commissioner, but will leave it to the next official government, Prime Minister Dimitar Glavchev announced.

"In the little time left (of the 50th parliament), I think we should not take action so that the next government, in consultation with the political forces, can make these nominations," said the caretaker prime minister.

He recalled that the deadline for nominations set by the President of the European Commission, Ursula von der Leyen, is August 30, and each country must nominate two candidates - a man and a woman. If Bulgaria nominates the current European Commissioner - Iliana Ivanova, it is permissible not to propose a second name, Glavchev specified.

New mega wind park

A large wind park is under construction in Northeastern Bulgaria in the municipality of General Toševo, in the Dobrich region.

It envisages two smaller projects being merged into one larger one. According to the initial plan, 70 turbines will be built, which will have a total power of 210 megawatts, but due to the development of the sector in recent years, the same number of turbines can produce twice as much power.

The plan of the German-owned company wpd is for the wind park to grow to 400 megawatts and become the largest in the region over the next decade.

Depending on inflation in the wind sector, the project may cost around 0.8-1 billion levs, and no state aid or preferential purchase of electricity is expected at this stage.

This is the last issue of our daily news bulleting for August. For the rest of the month, you will receive a weekly roundup of the most important events of the week on Friday instead.
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