Energy industry

Bulgaria's industrial production index rose by 0.6% year-on-year in September but was 1.1%  lower compared with August, the National Statistical Institute (NSI) has announced.

Data for September 2015 is preliminary and subject to revision.

The prices of energy resources in all Balkan countries may drop if the national grids are connected, according to Damian Gjiknuri, President in Office of the Energy Community.

Months before the next parliamentary elections at the end of the year, Croatia's centre-left government on Thursday unveiled a new package of measures aimed at helping the poor.

Economy Minister Ivan Vrdoljak announced that a category of "vulnerable customers" will be created in terms of the energy system who will be protected from having their heating and lights cut off.

Bulgarian Prime Minister Boyko Borisov has criticized employers' organizations over their demand that a hike of electricity prices for industrial consumers be postponed.

Power prices for industries are set to rise by 15-20% from August, and the national energy regulator KEVR is to officially confirm the move on Friday, July 31.

Bulgarian business, labor unions and government officials have tabled new amendments to energy legislation which envisages state aid for industrial energy consumers.

Draft measures to provide reliefs to large industrial consumers have also been approved.

The Bulgarian government will establish an energy security council, which will coordinate the national policy in the energy sector and define the Bulgarian priorities within the framework of the European Energy Union.

The decision was taken at the regular meeting of the Council of Ministers on Wednesday, the government's press service informs.

The ?nergy and Water Regulatory Commission held a closed sitting Monday and took the decision of extending the term at which electricity prices would remain intact.

They will mark an slight increase, however, starting August. The law amendment concerning energy distribution in Bulgaria has been voted late last week.

Energy Act amendments allowing Bulgaria's Commission for Energy and Eater Regulation (KEVR) to extend by up to a month the ongoing regulatory period ending on June 30 have passed first and second reading in parliament.

On Tuesday the proposal was adopted by the parliamentary committee tasked with oversight of the energy watchdog.

A planned discount on electricity prices for large industrial consumers will cost a total of BGN 90 M, according to Bulgaria's Energy Minister Temenuzhka Pavlova.

When you ask which feature is Turkey?s most important in terms of comparative advantages, all foreign investors reply ?geographic position.? Turkey?s second advantage is its young population. 

These two features have been engraved in our minds ever since elementary school but somehow we can never make use of them as a country.