From last year all commercial users had to register on the free electrical market. This change affected not only different manufacturers, producers, etc. but also companies that have no activity, including companies which have been formed to hold property ownership.
There are two rates for electricity – commercial and residential. The price of commercial electricity varies and is much higher than that of residential electricity. For all company-owned property, Energo Pro would automatically assign the commercial rate. However, there is a way to pay the residential rate:
Despite the pandemic, property prices in the Veliko Tarnovo area are rising. Contrary to initial expectations, the real estate market was not severely affected during the pandemic year.
The registration of wells, boreholes and other groundwater facilities in private properties will be extended due to the pandemic. The aim is to avoid the movement and collection of people in front of the counters of the basin directorates. Initially, the deadline was November 27th 2020 but the parliament adopted the decision to extend the deadline to November 28th 2022 at a first reading today.
All property owners who have wells, boreholes, drainages and other facilities for groundwater extraction in their properties have to register them with the respective basin directorate. The registration is mandatory and the deadline is November 27, 2020.
More good news for Bulgaria and again a demonstration that Bulgarian real estate is a very worthwhile investment to base your small to medium enterprise (SME) in Bulgaria.
Bulgaria is now ranking in 2nd place within the European Union in relation to the “debt-to-GDP ratio”, which is a recognised economic indicator of the health of a country’s economy, according to data supplied by Eurostat. In the third quarter of 2012 the correlation between debt and Gross Domestic Product (GDP) was 18,7%.
Bulgaria economy, “debt-to-GDP ratio” shows Bulgaria is on the right track in Europe!