Bulgaria capitals

BAIC President: Bankruptcies in Bulgaria are inevitable, the economy will stop – Novinite.com

“Further measures are needed to limit the damage to Bulgarians economy high electricity prices. The price on the open market is already a record – 482 BGN per megawatt hour “,said in “This Morning” Vasil Velev, chairman of the board of directors of the Association of Industrial Capital (BAIC).

“What is discussed as compensation is grossly insufficient – BGN 50 megawatts per hour, provided the excess is BGN 360, he explained.

The extent of the disaster is not assessed. What is under discussion are palliative and deferred measures. Bankruptcies are inevitable. Not only will there be many bankruptcies, but the economy will simply stop functioning, “Vasil Velev predicted.

“The president ordered to work in such a way as to fairly remunerate not only the company, but also the social sphere. Not only the company is in the free market, but also all non-residential subscribers – hospitals, schools, community centers, theaters, museums and kindergartens,“, he said of the meeting on the matter, which took place yesterday.

“For September, the bills are twice as high, for October, the bills will arrive in November and they will be three times higher. If the prices continue like this, the November bills could be four times higher,” he said. he adds.says Vasil Velev.

He announced that the company insists on compensating all non-domestic consumers, who are 600,000, with three quarters of the difference from the surplus of 119 BGN, which is the estimated price.

According to Vasil Velev, the reason for the increase in the price of electricity is in the wrong model of the electricity market.

Employers’ and trade union organizations are demonstrating today in front of the Council of Ministers with demands for immediate and non-symbolic compensation due to the high prices of electricity.

/ bTV

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