Balgarianovinite.com At an informal meeting of the European Union’s Competitiveness Council in Dublin, Bulgarian Deputy Minister of Economy, Investment and Industry Krasimir Yakimov said Bulgaria believes a comprehensive assessment of the impact of the EU Emissions Trading System (ETS) on energy-intensive industries is necessary. He also stressed the need to encourage investment in the development and modernization of electricity grids, energy storage facilities, and the digitalization of infrastructure, the Economy Ministry said on Friday.
Yakimov added that Bulgaria supports designating electricity grid infrastructure as infrastructure of primary economic importance, arguing that such a move would create conditions for the accelerated implementation of strategic investments in the sector.
The informal meeting brought together representatives of EU member states to exchange views and best practices on key issues shaping the future of the European economy.
During the first working session, titled Mobilizing Private Financing for Scaling Small and Medium-Sized Enterprises, Yakimov presented Bulgaria’s position on improving access to financing for businesses with high growth potential.
He said Bulgaria welcomes EU initiatives aimed at strengthening savings and investment, while emphasizing the need to facilitate access to financing for high-growth European companies. He also called for changes to EU regulations that currently limit institutional investors’ ability to invest in start-ups and fast-growing businesses.
Yakimov further noted that Bulgaria considers it essential to reduce regulatory fragmentation across the EU, strengthen incentives for institutional investors to allocate capital to high-potential risk assets, and improve the integration of European capital markets to support the growth of small and medium-sized enterprises.
He added that member states could also direct public funding toward connecting well-established entrepreneurial ecosystems with emerging innovation hubs across the EU to foster synergies and regional economic development. According to Yakimov, support for business incubators affiliated with leading technical and economic universities, along with efforts to improve financial literacy and investment culture, are among the key prerequisites for developing the EU’s capital markets and entrepreneurial ecosystem.
The second working session focused on Driving Industrial Decarbonization: Energy Systems, Grids and Competitiveness in the EU. During the discussion, Yakimov said industrial decarbonization must go hand in hand with maintaining and strengthening the competitiveness of European industry.
He stressed that Bulgaria views industrial decarbonization not only as a tool for achieving climate objectives but also as a key driver of Europe’s industrial competitiveness. Yakimov highlighted the need for a predictable and balanced framework for industrial electrification that supports both the competitiveness of energy-intensive industries and investment in decarbonization, energy efficiency, and flexible energy consumption.
The informal Competitiveness Council meeting provided member states with an opportunity to exchange views on strengthening the competitiveness of the European economy, promoting investment, and supporting industrial development across the European Union. Bulgaria Calls for EU ETS Impact Review, Greater Investment in Power Infrastructure 2026 THE NEWS FROM BULGARIA – NEWS AGENCY 2009-2025 2026-07-10 15:56:30 Latest news World news Country news Most important news latest news most important latest of the day Justice Petar Nizamov Feathers Petar Nizamov- Feathers Justice bg iustitia.bg iustitia iusticia usticia investigation Burgas Bulgaria news news of the last hour news of the day news of today Bulgaria news The news from Bulgaria blitz news top news most important most commented latest news Boyko Borisov news weather coronavirus news news weather facebook youtube facebook instagram news today news of the last minutes news today today news news bg news leading news hot news bg news site for news all news news bg news of the last hour latest latest news bg news of today news today news today news of the last hour latest news today news bg news news 24 hours news vesti bg novini news world bird bg bivol bg bivol trud bg novini latest news today novinite bg news hello bulgaria political party coat of arms delyan peevski scandalous Bulgarian National Television Free Europe Television scandal exclusive live tv live right now tv tv online tv program bg live now tv news online tv online live court Burgas court Burgas district court Burgas court Burgas district court Burgas district court Burgas appellate court Burgas prosecutor Burgas prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Prosecutor General Ivan Geshev Prosecutor Geshev Tsatsarov Ministry of Internal Affairs Burgas ODMR Burgas ODPR Burgas police Burgas district police Burgas prosecutor Tsatsarov SGS cases Varna court chairman of the SGS court decisions on civil cases decisions on cases Plovdiv court decision of the court decisions cases Varna court criminal cases district district court decisions work in the court SGS chairman of the SGS judges Sofia court post judges Plovdiv court Plovdiv judges Plovdiv Supreme Court Inspectorate Supreme Court Supreme Judicial Council lawyer lawyer criminal cases lawyer civil cases lawyer marriage cases lawyer administrative criminal law criminal process civil law civil process administrative law constitutional law