Bulgarian PM Makes Final Call on Sacking Methane Hike

Bulgarian PM Makes Final Call on Sacking Methane Hike

There will be definitely no excise duty on methane in Bulgaria over the fact it would lead to a price hike of many other services which the country cannot afford in times of economic crisis.

The final decision of the cabinet was announced Monday for the media by Prime Minister, Boyko Borisov.

Borisov stated that the excise idea of his Deputy and Finance Minister, Simeon Djankov, was a good one, but cannot be currently realized over the crisis.

"This is why I have told all my ministers that when they think out loud this leads to horrible political conclusions," the PM said, adding he was ultimately responsible for the rule of the country and taxing everything would lead to a stronger budget, but also to impoverishment of Bulgarians.

Borisov confirmed the budget will be debated after the October 23 presidential and local elections and the possible runoff.

The plans were for the methane price to go up on January 1 over the introduction of the excise duty. The first estimates showed this increase will amount to BGN 0.7 per kilogram, which would lead to the increase of heating prices in the upcoming winter.

Djankov also said earlier Monday, just days before debates on the budget that the decision on methane excise has not been finalized and if "this is not the right moment, the excise could be delayed."

Borisov and Agriculture Minister, Miroslav Naydenov, cut the ribbon of the repaired water-main network in the village of Gabra, the municipality of Elin Pelin, near the capital Sofia. The BGN 5 M funding was provided through EU financing./Source: Sofia News Agency/

Previous Next
Test Caption
Test Description goes like this
Cookies Preferences
Choose Type of Cookies You Accept Using

These cookies are required for the website to run and cannot be switched off. Such cookie are only set in response to actions made by you such as language, currency, login session, privacy preferences. You can set your browser to block these cookies but our site may not work then.

These cookies allow us to measure visitors traffic and see traffic sources by collecting information in data sets. They also help us understand which products and actions are more popular than others.

These cookies are usually set by our marketing and advertising partners. They may be used by them to build a profile of your interest and later show you relevant ads. If you do not allow these cookies you will not experience targeted ads for your interests.