EC approves Bulgarian request for state aid for energy-intensive companies

The European Commission has approved Bulgaria's request to provide temporary state aid for energy-intensive companies. The aid is related to the reinvestment of half of the amount received in measures to reduce carbon pollution.

It is planned that the country will provide 334 million euros over the next three years. Companies threatened by the need to move their production outside the European Union due to high environmental protection requirements will also benefit from them.

Supported companies will be obliged to invest at least 50% of the aid in new or modernized assets in order to reduce the costs for the electricity grid without increasing the use of fossil fuels. The measure in the country will be applied retroactively from July 1, 2025 to June 30, 2028. Bulgaria will pay the aid through electricity suppliers with a reduction in monthly bills.

Editor: Diana Tsankova