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Bulgargaz Proposes to Cut Gas Price by 2.1% for Q1'2016
Bulgargaz proposed on Thursday to cut natural gas price for consumers by 2.1% for the first quarter of next year.
Brent oil falls under $40 for first time since 2009
Brent crude prices sank under $40 on Dec. 8 for the first time in almost seven years, rocked by OPEC's recent decision to maintain oil output levels despite a chronic supply glut.
European benchmark oil contract Brent North Sea oil for delivery in January tumbled to $39.81 a barrel - the lowest point since February 2009.
PPC offers additional discounts to consumers
The Public Power Corporation (PPC) board approved a proposal by the Greek state, the basic shareholder, to offer additional discount up to 20% to electricity rates for large electricity consumers during 2016-2017 period.
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G-20 leaders pledge robust fight against patchy economy: Draft communique
The leaders of the world's 20 largest economies pledged to use all policy tools to address uneven economic growth that falls short of expectations, according to a draft G-20 communique seen by Reuters on Nov. 15.
Bulgaria's Energy Watchdog Cuts Power Prices for Businesses
The Bulgarian energy regulator KEVR announced Sunday it was lowering a "duty to society" surcharge on power prices for industrial consumers.
New power rates are in force as of Sunday, November 1, 2015, Focus News Agency quotes KEVR head Ivan Ivanov as saying.
Hotel occupancy rates drop double digit numbers in Turkey: Association
Turkey's hotel occupancy rates saw double-digit decline in September despite a rise in local tourists during a 9-day Eid holiday, said the Turkish Touristic Hotels and Investors Association (TUROB) in a written statement on Oct. 30.
IMF: Gulf should adjust to new oil price 'reality'
Gulf economies need to adjust to the ?new reality? of oil prices expected to remain low for some time, the International Monetary Fund (IMF) said, recommending spending cuts and income diversification.
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G-20 finance ministers endorse reforms to tax system for curbing avoidance by multinational enterprises
G-20 finance ministers endorsed the final package of measures for a comprehensive, coherent and co-ordinated reform of the international tax rules during a meeting on Oct. 8, in Lima, according to a written statement Organization for Economic Co-operation and Development OECD).
Price of Natural Gas in Bulgaria to Drop by 14.26% as of October
Bulgaria's energy watchdog has proposed a 14.26% reduction in the price of natural gas to a rate of BGN 484.26 per 1000 cubic meters, VAT excluded, excise duty excluded, as of October.
Bulgargaz Proposes 14.26% Cut in Q4 Gas Price
State-owned Bulgargaz has proposed to cut natural gas price for consumers by 14.26% in the fourth quarter of the year, a touch bigger decrease than initially planned.
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