National Post increasingly propped up by the state
State subsidies now account for more than half of Bulgarian Posts' total revenue, according to the company's 2024 financial report. Funding for services of general economic interest reached 51.4%, or 161.5 million levs out of 314.3 million levs in total revenue, up from 109 million levs the previous year. While the company posted a modest profit of 773,000 levs in 2024, rebounding from a 35 million levs loss, its growing dependence on government support has become a clear trend.
A recent proposal by Delyan Peevski to turn post offices into food stores selling essentials with a 10% markup could deepen financial losses, as previous state-mandated activities have consistently been unprofitable.
Batteries ready to go
Bulgaria is rapidly becoming a hotspot for energy investments, as the Ministry of Energy has approved 82 standalone energy storage projects with a total capacity of 9,713 MWh under the RESTORE procedure from the Recovery and Resilience Plan.
With 1.1 billion euro in public funding and more than 2 billion euro in private co-financing, this marks the largest energy investment in the country in the past 15 years.
It would appear that new players can change the rules of the game, especially if the game is balancing the power grid and the players are equipped with powerful battery storage systems.
Sofia Mayor: Capital's budget is lackluster
Sofia Mayor Vasil Terziev has described the city's proposed 2025 budget of 2.84 billion levs as "realistic but insufficient" to meet the capital's aspirations for a modern European city. Despite a nearly 200 million levs increase from 2024, the budget remains constrained, focusing on completing ongoing projects rather than launching new ones, without raising taxes or fees.
However, political friction and lack of majority support, combined with criticism from citizens over reduced funding for land expropriations, threaten the proposal's adoption in its current form. Key investments include the continuation of metro construction, long-planned street renovations, and expanding the city's sewage infrastructure.
National Post increasingly propped up by the state
State subsidies now account for more than half of Bulgarian Posts' total revenue, according to the company's 2024 financial report. Funding for services of general economic interest reached 51.4%, or 161.5 million levs out of 314.3 million levs in total revenue, up from 109 million levs the previous year. While the company posted a modest profit of 773,000 levs in 2024, rebounding from a 35 million levs loss, its growing dependence on government support has become a clear trend.
