BALKAN BLOG: Southeast Europe heatwave a sign of climate change to come

bne IntelliNews August 1, 2021

Southeast Europe is suffering under a heatwave that has sent temperatures soaring to 40°C or higher.

Heatwave pushes up spot electricity prices in Southeast Europe

bne IntelliNews July 30, 2021

Prices elevated by a combination of demand for electricity for cooling and an outage at one of the reactors of Romania’s nuclear power plant.

Falling out among reformist parties puts Bulgaria’s new government in doubt

Denitsa Koseva in Sofia July 29, 2021

ITN deputy leader talks of ‘dirty game played by dirty people’ as potential coalition partners demand written guarantees before backing an ITN-led government.

Bulgarian parties edge closer to deal on new government

Denitsa Koseva in Sofia July 28, 2021

A government backed by the three political newcomers in parliament and the Bulgarian Socialist Party is now looking likely.

bneGREEN: EU takes carbon pricing initiative with CBAM

bne IntelliNews July 27, 2021

The EU on 14 July unveiled the details of its proposed Carbon Border Adjustment Mechanism, which aims to protect EU CO2 emitters from carbon leakage by making exporters to the EU market pay for the CO2 they produce.

Bulgaria’s central bank revises up 2021 economic growth forecast to 4.1%

bne IntelliNews July 24, 2021

National Recovery and Sustainability Plan projects, together with higher exports and domestic consumption to drive recovery in Bulgaria.

Looming new coronavirus wave prompts vaccination push in Southeast Europe

bne IntelliNews July 24, 2021

With the delta variant starting to spread in Southeast Europe, officials are warning of a new wave of the pandemic that may put pressure on hospitals as early as August or September.

Bulgaria's Maxcom, Austria's Pierer to build €30.7mn e-bike plant in Plovdiv

bne IntelliNews July 22, 2021

Caretaker Economy Minister Kiril Petkov says Bulgaria has the chance to become 'number one in the whole of Europe' in e-bike sector.

bneGREEN: Global investors turn to green energy and away from fossil fuels

Richard Lockhart in Edinburgh July 21, 2021

The world’s largest global debt and equity investors are continuing to invest in renewable energy despite the pandemic, driven by the wealth of investment opportunities, the Institute for Energy Economics and Financial Analysis said.

BRICKS & MORTAR: Residential real estate markets bounce back in Southeast Europe

bne IntelliNews July 21, 2021

Strong recovery after spring 2020 lockdowns partly driven by demand for houses and rural properties, but prices remain among the lowest in Europe.

European Commission slams Bulgaria on rule of law, Slovenia on media freedom

Denitsa Koseva in Sofia, Iulian Ernst in Bucharest, Valentina Dimitrievska in Skopje July 20, 2021

Highly critical European Commission report issued as Sofia tries to sack chief prosecutor Ivan Geshev, who has thwarted efforts by the caretaker government to investigate top-level corruption. Shortcomings reported in other SEE EU members.

Bulgaria’s Dronamics to supply delivery drones to DHL in deal worth up to €1.86bn a year

bne IntelliNews July 20, 2021

Dronamics' Black Swan unmanned aircraft can carry 350 kg of cargo for 2,500km at up to 80% lower cost than any aircraft.

CEE dealmaking back at pre-COVID levels in H1, says Mergermarket

bne IntelliNews July 19, 2021

The first half was particularly strong in the mid-market and smaller-ticket segment.

Bulgaria’s ITN leader gives up controversial nomination for PM, to propose new government

bne IntelliNews July 16, 2021

Slavi Trifonov, the leader of Bulgaria’s There Are Such People (ITN) party, said on July 15 he is giving up nominating Nikolai Vassilev for prime minister due to strong objections and accusations he is related to the parties of the establishment

Bulgaria’s consumer prices speed up growth further in June

bne IntelliNews July 15, 2021

Bulgaria’s consumer prices increased 2.7% y/y in June, after rising by 2.5% year on year in May. The consumer price index (CPI) moved up 1.5% compared to December but dropped by 0.2% month on month

bneGREEN: EU carbon pricing set for radical reforms

Richard Lockhart in Edinburgh July 13, 2021

The European Commission is to publish legislation on July 14 that will detail the EU’s plans, dubbed “Fit for 55,” to reduce greenhouse gas emissions by 55% from 1990 levels by 2030 as part of wider reforms to European energy and climate laws.

Bulgaria’s ITN nominates Nikolai Vassilev for PM

Denitsa Koseva in Sofia July 12, 2021

TV host Slavi Trifonov says his ITN party wants a government of experts as it takes narrow lead in snap general election.

Exit polls show Trifonov’s ITN party leads Gerb by less than 1% in Bulgaria’s snap vote

Denitsa Koseva in Sofia July 11, 2021

Second election of 2021 appears to have produced another fragmented parliament.

BALKAN BLOG: Diaspora voters set to choose change in Bulgaria and Moldova

Clare Nuttall in Glasgow July 8, 2021

Bulgaria and Moldova will hold general elections on Sunday that follow public debates over the number of polling stations for diaspora voters – an issue that has repeatedly surfaced in elections in the region.

Anti-establishment parties primed for new assault on Bulgarian status quo

Denitsa Koseva in Sofia July 8, 2021

Three opposition parties hope to get enough support in order to form a stable ruling majority and oust from power the Gerb party, which has been in office for most of the past 12 years.