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Vasil Velev presented data: The price of electricity in Sweden today is 30 leva, in our country - nearly 300 leva

The regulated price of 138 leva per megawatt hour is for kindergartens, schools, prayer houses and community centers

Jan 14, 2025 09:49 48

Vasil Velev presented data: The price of electricity in Sweden today is 30 leva, in our country - nearly 300 leva  - 1

The price in Sweden today is 30 leva, in our country it is nearly 300 leva, and we are in a common market. Obviously, we have problems here, in Southeast Europe, for which it would be good for the government to seek compensation at the European level.

The regulated price of 138 leva per megawatt hour is for kindergartens, schools, prayer houses and community centers.

This was stated to the Bulgarian National Radio by Vasil Velev, Chairman of the Board of the Association of Industrial Capital (AIKB), in connection with the postponed protests by businesses against high electricity prices.

"This program is self-financed, it does not use funds from the budget", Velev specified.

"These are not just aid, but partial compensations – partial recovery of what was taken. If we can talk about aid – this is for households, because the price there is below the price of the mix."

Non-household consumers are over 600,000 and this includes not only manufacturing enterprises, but also the social sphere, healthcare, culture, administration, Vasil Velev also said. According to him, everyone who is not a household consumer is affected by these extremely high prices.

In any case, it is good to quickly adopt a law for the entire year, because according to this temporary law, greater expenses will be incurred, but in order to collect greater revenues, changes are needed, and retroactive aggravations cannot be introduced, the chairman of the AIKB commented on the program "Before All".

"On this trajectory, which we have been moving on for the last 2-3 years, we will certainly crash", said Vasil Velev regarding fears of a large deficit.

In Romania, policies of inflated deficits and social spending were followed and now they are forced to freeze incomes – a milder Greek scenario. To prevent this from happening, a more reasonable budget policy is needed, he added.

"Incomes have been raised ahead of inflation. If we talk about the minimum wage, it has been raised by 38% in two years, and by 15% this year alone."

The expectations are that inflation will meet the requirements for December, Velev said regarding the criteria for the eurozone.

"So that there is no higher inflation than the natural rate, that is why there are these programs to compensate for excessively high prices."