Limitation of the preferences in favour of renewable energy producers Through amendments in the transitional and final provisions of the Energy Act the legislator explicitly cancelled the preferences provided for renewable electricity producers. The incentives related to mandatory purchase of electricity under preferential prices were generally cancelled for all energy sites that have not been commissioned […]
In 2014 with amendments to the Ownership and Use of Agricultural Land Act (OUALA) the legislator reduced the opportunities for foreign individuals and legal entities to acquire agricultural land in Bulgaria. More specifically, the prohibition on ownership over agricultural land was imposed on: Bulgarian companies having as direct or indirect shareholders foreign companies registered in […]
By virtue of a Resolution No Ц-1 dated 28.01.2015 SEWRC determined lower preferential off-take prices of electricity produced from renewable energy sources (RES) – biomass from wood representing wood waste, forest cleaning, forest pruning, etc., which become effective from 1 February 2015. The decrease in the prices was imposed following public discussions held on 8 […]
From January 2015, the mobile services of SMS notifications performed by the Property Registry Offices shall become free of charge for the real estate owners. Information shall be provided regarding entries, records and deletions in the registry books, refusals and court rulings issued thereon, information about issued certified copies of acts and rejections for issuance […]
In accordance with the latest amendments in the Personal Income Tax Act (PITA) only persons that submitted their tax returns electronically shall receive a discount. Taxpayers shall get a discount of 5% over the remaining amount of their annual personal income tax, in case they do not have any public obligations that may be subject […]
A three-member jury of the Supreme Administrative Court left without consideration the appeals filed by the majority shareholders in Corporate Commercial Bank. The court stated that the shareholders did not have any direct interest in appealing the resolution of the Central Bank for withdrawal of the license since they were only indirectly affected by the […]
On 08.01.2015 at 10.00 am in the office of the State Energy and Water Regulatory Commission (SEWRC) public discussions shall be held on a report for amendment to preferential prices of electricity produced from biomass A working group within SEWRC has prepared a draft report, pursuant to which it suggests amendments to the effective preferential […]
Following public discussions SEWRC determined marginal prices for concluding transactions on the balancing energy market in 2015 With a Resolution No Ц-26 dated 19.12.2014 SEWRC determined marginal prices for concluding transactions on the balancing energy market effective from 01.01.2015, as follows: a. Marginal price for concluding transactions on the balancing energy market for regulating „upwards“ (i.e. […]
On 19 August 2014 the State Energy and Water Regulatory Commission (SEWRC or Regulator) issued and published on its Internet site а new form of Application for electricity trading license together with detailed instructions to the applicants regarding the required documents and information to be provided by them. The new instructions concern applicants for a […]
The Bulgarian Ministry of Economy, Energy and Tourism has drafted a Bill for amendment to the Energy Act and has announced it for public discussions. The main purpose of the amendments, as promoted by the Ministry, is to improve the independence and the activities of the State Energy and Water Regulatory Commission (SEWRC or Regulator). […]