Minister Alexander Nikolov met with IMF mission in Bulgaria

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Energy Minister Alexander Nikolov acquainted the International Monetary Fund's mission to Bulgaria with the current state of Bulgarian energy.

During the meeting, the challenges facing the energy sector in Bulgaria, the negative impact of the war in Ukraine and the risks it creates, as well as the transition to a green economy, were discussed.

Alexander Nikolov underlined that energy transition will be carried out, but this must be fulfilled at an affordable price.

The Minister of Energy briefed the IMF representatives on the structure and the amount of compensation for the high electricity prices that the Bulgarian Government has given to business and consumers. Nikolov recalled that over 3 billion BGN has been allocated so far.

The meeting was attended by Deputy Minister Iva Petrova, the head of the IMF mission in Bulgaria Jean-Francois Dauphin and economists from the Fund.

The IMF team conducts consultations and meetings in order to prepare the annual review of the Bulgarian economy.

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